Molina Healthcare to join the S&P 500 index

S&P Dow Jones Indices said late Friday that Molina Healthcare Inc. MOH, +3.52% will join the S&P 500 index SPX, +2.24%, replacing IHS Markit Ltd INFO, +0.74%, which is being acquired by S&P Global Inc. SPGI, -0.21%, an S&P 500 constituent. Energy company Range Resources Corp. RRC, -1.93% will replace Molina Healthcare in the S&P MidCap 400. The changes are effective Wednesday before the bell. The IHS Markit deal is expected to be completed Monday.