AppLovin and Robinhood added to S&P 500
KEY POINTS
- AppLovin and Robinhood will join the S&P 500 index.
- The changes will go into effect before the beginning of trading on Sept. 22.
- Datadog and DoorDash entered the index 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, while Robinhood will take the place of Caesars Entertainment.
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