Devry Replaces GM In The S&P 500

Car Crash China

This one was out of left field. After being replaced by Cisco (CSCO) in the Dow, bankrupt automaker GM is being replaced by Devry (DV) in the S&P 500. Speculation had honed in on First Solar as a likely candidate. Alas, the solar maker will have to wait a little longer. In terms of capturing the zeitgeist, a private education company (they’ve been strong performers throughout the crisis) is a pretty good call.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.