Baxalta Inc. will replace QEP Resources Inc. in the benchmark S&P 500 index, S&P Dow Jones Indices said.
That's one of several changes the company announced to the S&P MidCap 400, S&P SmallCap 600 and the S&P 100 indices Friday.
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Baxalta, a biopharmaceutical company based in Deerfield, Illinois, will join the index after the close of trading June 30. QEP, an oil and gas company, is being replaced because it's near the bottom of the index, the company said.
Priceline Group Inc. will replace Baxter International Inc. in the S&P 100. Baxter, which is spinning off Baxalta later this month, will remain in the S&P 500.