Michael Kors Holdings addition to S&P 500 delayed

S&P Dow Jones Indices delays adding Michael Kors Holdings to S&P 500

Associated Press

NEW YORK (AP) -- The S&P Dow Jones Indices is delaying adding Michael Kors Holdings Ltd. to the S&P 500.

No reason was given for the delay.

Kors, which sells luxury handbags, accessories and other items, was expected to join the S&P 500 after the market close on Friday. S&P said Thursday that Kors will join the S&P 500 at a future date that has yet to be announced.

Shares of Michael Kors finished at $77.98 on Wednesday. Its shares are up 52 percent so far this year.

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