Hyatt will join S&P MidCap 400; shares rally after hours

Bill Peters is a Los Angeles-based MarketWatch reporter who covers earnings.

Hotel chain Hyatt Hotels Corp. H, +0.04% will replace National Instruments Corp.

on the S&P MidCap 400 before the opening of trading on Thursday, S&P Dow Jones Indices said on Monday. The change is taking hold after Emerson Electric Co. EMR, +0.87% agreed to acquire National Instruments. Shares of Hyatt were up 5.3% after hours on Monday.

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