Will the Dow Jones Industrial Average and S&P 500 Join Forces?

The McGraw-Hill Companies (NYSE:MHP) and CME (NASDAQ:CME) have been talking for a year now on a possible joint venture combining their respective indices.

According to the latest reports, these talks are in advanced stages and may yet bear fruit. Negotiations could result in globally referred indices such as the Dow Jones Industrial Average (NYSE:DIA) and S&P 500 (NYSE:SPY) going under the same roof. This could result in the firms having “more sway over investors and exchanges around the world.” It is expected that the combined unit would be managed by McGraw-Hill (NYSE:MHP).

MHP is trading at $40.66 today, down 3.9%. Shares are up 27.98% in one year. The stock’s trading range for the year is between $32.70 and $46.99.