Ratings service Standard & Poor's on Wednesday set new market capitalization levels companies must meet in order to be listed on its U.S. indices.
To be listed on the S&P 500, a company's total market capitalization _ the total dollar value of outstanding shares _ must be $3.5 billion or greater. Companies with market caps of $850 million to $3.8 billion may be listed on the S&P MidCap 400. The S&P SmallCap 600 requires a $250 million to $1.2 billion market cap.
Previously, the requirements were total market caps of $3 billion for the S&P 500, $750 million to $3.3 billion for S&P MidCap and $200 million to $1 billion for the S&P SmallCap 600.