Allegion Replaces JCP on the S&P 500


Developing: Allegion LLC (NYSE:ALLE*) will replace J.C. Penney (NYSE:JCP) on the S&P 500 as the struggling retailer continues falling in value, according to S&P Dow Jones Indices. The S&P 500 is seen as the leading barometer for leading equity markets.

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Allegion is a mechanical and electronic security product provider, headquartered in Dublin, Ireland.

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