First Data up as Western Union headed for S&P 500

Shares of transaction processing firm First Data Corp rose on Tuesday after news that the company's Western Union unit, which will be spun off to shareholders, is to be added to the S&P 500 index on Friday.

Standard & Poor's on Monday said Western Union will replace Andrew Corp. in the S&P 500 after the market's close on Friday.

First Data shares (NYSE: FDC - News) shares rose 2.8% to close at $41.65.