US EditionRobinhood Joins New Band of Companies Calling the S&P 500 Their Home
Robinhood and AppLovin's addition to the S&P 500 reflects their market capitalization and profitability, triggering significant stock surges of 13.8% and 11.5%, respectively, before the September 22 rebalance.
- AppLovin and Robinhood shares surged 8% after being announced as additions to the S&P 500 index.
- Tether is reportedly eyeing an investment in the entire gold supply chain, according to the Financial Times.
- EchoStar shares jumped nearly 23% after agreeing to sell spectrum licenses to SpaceX for about $17 billion.
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43 Articles
The Morning Minute daily newsletter, written by Tyler Warner and available at Substack, is full of news.According to the original report, Robinhood (HOOD) has caught everyone's attention by announcing that it will be part of the prestigious S&P 500 in the next quarterly rebalancing.This inclusion boosted its shares by 7% in the previous market.In the meantime, despite meeting all the requirements, MicroStrategy (MSTR) was once again excluded.Bit…
S&P 500 Changes Send HOOD Higher, MSTR Lower
Robinhood (HOOD) stock soared 15% on Monday following the company’s inclusion in the S&P 500, the widely tracked benchmark for U.S. equities. The announcement was made after markets closed on Friday and takes effect with the index’s September 22 rebalance.The trading platform, which has seen its stock price nearly triple this year, has long been considered a frontrunner for inclusion. It was one of the three largest eligible companies yet to be …
Associated Press News
Robinhood joins new band of companies calling the S&P 500 their home
Online broker Robinhood Markets will join the S&P 500 index Online broker Robinhood Markets will join the S&P 500 index as its stock rides higher on a cryptocurrency wave.
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