Debit and credit card issuer MasterCard nc. will replace General Motors Corp. in
Standard & Poor's S&P 100 index of stocks beginning at the close of trading today.
Though the S&P dropped GM from the top 100 index, GM will remain a member of the
S&P 500. S&P did not say in its statement why it is removing GM from the S&P 100.
GM's stock traded on the New York Stock Exchange at $12.59 per share in late-afternoon
trading Thursday, down from $36.07 per share a year ago. MasterCard stock,
meanwhile, traded at $284.04 per share this afternoon, up from $172.36 a year ago
and six times its share price when MasterCard went public in May 2006.