Regions Financial Corp. will be added to the S&P 500 index, effective after the close of trading today.

Carl E. Jones Jr., president and chief executive officer of Regions, called his company's inclusion in the index "a significant milestone."

"It's an honor to be among this group of America's leading companies," he said.

Standard & Poor's announced, after trading closed Tuesday, that Regions would join the index. Its shares rose $2.9375, to $39.8125, on heavy volume as index fund portfolio managers bought the stock.

- Aaron Elstein

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