5244703 story Red Hat Is Now Part of the S&P 500 128 Posted by Soulskill on Saturday July 18, 2009 @10:26AM from the stock-build dept. phantomfive writes "Red Hat has made it onto the S&P 500, an important measure of the stock market. It is replacing CIT, which is expected to go bankrupt after the government refused to bail them out. Red Hat is the first Linux company to make it on to the S&P 500. While this means little directly for the company, it is an indication of the importance Linux is taking on in the world."