By Josh Beckerman 
 

Signet Jewelers Ltd. (SIG) will join the S&P 500 after the close of trading Tuesday, according to S&P Dow Jones Indices.

The jewelry and watch seller is replacing DirecTV (DTV), which was sold to AT&T Inc. (T) for $49 billion on Friday.

Inclusion in the index is typically a boon for a stock as index-tracking funds that follow the S&P 500 will need to buy its shares at that time.

In after-hours trading, Signet shares rose 2.45% to $124.

Meanwhile, Signet's spot in the MidCap 400 index will go to Parexel International Corp. (PRXL), which provides clinical research and technology services to the biotechnology, medical-device and pharmaceutical industries.

In another move, Catalent Inc. (CTLT) will replace JDS Uniphase Corp. (JDSU) in the MidCap 400, effective after the close of trading July 31. JDSU is splitting into two publicly traded companies, separating its networking and optical divisions. Catalent provides drug development and formulation services and drug-delivery technology.

Write to Josh Beckerman at josh.beckerman@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

AT&T (NYSE:T)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more AT&T Charts.
AT&T (NYSE:T)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more AT&T Charts.