S&P Dow Jones Indices will add Netflix to the S&P 100 starting June 7, replacing Monsanto Co.
German pharmaceutical and chemical conglomerate Bayer AG is acquiring Monsanto in a deal expected to be completed soon, the S&P noted.
Netflix, headquartered in Los Gatos, Calif., is in the consumer discretionary sector and internet and direct marketing retail sub-industry.
Netflix closed June 5 trading with a market capitalization of $159.01 billion.
S&P Dow Jones Indices is a global resource for index-based concepts, data and research, and home to financial market indicators such as the S&P 500 and the Dow Jones Industrial Average.