Russell 1000 adds 5 health care stocks

By Associated Press
June 30, 2008 | Comments (0)

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Five companies in the health care sector were added to the Russell 1000 in this year's reconstitution of the large stock index, while one stock in the sector was removed.

Biomarin Pharmaceutical Inc., Hologic Inc., Illumina Inc., Inverness Medical Innovations Inc. and Perrigo Co. were added to the Russell 1000, all moving up from the small-stock Russell 2000.

PDL Biopharma Inc. was removed from the large-cap index and moved to the Russell 2000.

Tacoma, Wash.-based Russell Investments realigns the Russell 3000 index once per year, tracking what it maintains is 99 percent of the U.S. equity market. That index is then broken down to 26 smaller indexes, including the widely watched Russell 1000 index of large capitalization stocks.

The makeup of the Russell indexes for the next 12 months was finalized after the closing bell Friday.

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