The S&P 500 already has a heavy concentration of large technology companies. Datadog and DoorDash entered earlier this year.
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Shares of advertising technology company AppLovin
and stock trading app Robinhood Markets
each jumped about 7% in extended trading on Friday after S&P Global said the two will join the S&P 500 index.
The changes will go into effect before the beginning of trading on Sept. 22, S&P Global announced in a statement. AppLovin will replace MarketAxess Holdings
(Bloomberg) -- Robinhood Markets Inc. is a “prime candidate” to enter the S&P 500 Index in the rebalancing set to be announced…
S&P Global said Friday that Robinhood will replace Caesars Entertainment in the S&P 500.
Robinhood Markets shares were slightly lower in extended trading. Some investors have had high hopes that the digital brokerage…
New Wall Street research suggests the index's upcoming rebalance could give spots to one hot AI company and some other well-loved…
Stocks are rising on Monday ahead of a week with several data reports that could dictate by how much or even whether the Federal…
Other candidates for inclusion into the S&P 500 include the online brokerage Robinhood and the car company Carvana.
