Springs cut from S & P drops stock
December 11, 2000,
FORT MILL, SC -Shares of Springs Industries, the only home textiles stock still trading in at double-digit levels, fell sharply last week when the stock, along with two others, was removed from the Standard & Poors S & P 500 Index.
Removed at the same time from the S & P 500 was another textile producer, Russell Corp., and camera maker Polaroid Corp. The Gillette Co. will replace Polaroid on the S & P 100.