Martin Marietta To Replace US Steel In S&P 500

(RTTNews) - S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, Inc. (MHFI), said Friday that S&P MidCap 400 constituent Martin Marietta Materials (MLM) will replace United States Steel Corp. (X) in the S&P 500 index.

United States Steel will replace Martin Marietta Materials in the S&P MidCap 400 and Depomed Inc. (DEPO) will replace Texas Industries (TXI) in the S&P SmallCap 600.

The changes are effective after the close of trading on Tuesday, July 1.

Texas Industries is getting acquired by Martin Marietta Materials in a deal expected to be completed soon pending final approvals.