NYX Nyse Euronext

Michael Kors Holdings Ltd. (KORS) will replace NYSE Euronext Inc. (NYX) in the S&P 500 after trading closes Friday as IntercontinentalExchange Inc.'s (ICE) deal to acquire NYSE is expected to close soon.

Shares of Michael Kors were up 3.8% to $79.31 in after-hours trading.

The fashion retailer has reported robust bottom-line growth recently as demand in retail and wholesale merchandise grows, most recently demonstrated in August, when the company posted an 82% jump in fiscal first-quarter profit.

Meanwhile, ICE's $10.9 billion acquisition of NYSE Euronext is expected to be completed early next month. ICE plans to hold on to NYSE's flagship U.S. stock market franchise and London-based financial futures markets, although it intends to spin off the continental European stock market operations in an initial public offering next year.

Write to Michael Calia at michael.calia@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires