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Royal Caribbean set to join S&P 500

Royal Caribbean set to join S&P 500
Royal Caribbean Cruises Ltd. (RCL) will join the S&P 500 after the close of trading Thursday, S&P Dow Jones Indices announced.

The S&P 500 includes 500 of the top companies in leading industries of the US economy. It is a market-weighted index of stocks chosen for factors like market cap, liquidity and financial viability, and is widely considered the best single gauge of large-cap US equities.

Royal Caribbean will be added to the S&P 500 Global Industry Classification Standard's Hotel, Resorts & Cruise Lines Sub-Industry index.

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