Robinhood (HOOD) stock gained more than 15% on Monday, closing at a fresh record high on the news that the company will soon be included in the S&P 500 (^GSPC). Robinhood, AppLovin (APP), and Emcor (EME) are set to join the S&P 500 during the index’s next rebalancing on Sept. 22, S&P Dow Jones Indices…
(Reuters) -Robinhood Markets will replace casino operator Caesars Entertainment in the benchmark S&P 500, marking a pivotal moment for the financial technology sector as the retail trading platform joins the ranks of the most influential U.S. companies. The inclusion, announced by S&P Dow Jones Indices on Friday, is expected to boost demand for Robinhood’s stock…
Shares of cloud communications infrastructure company Twilio (NYSE:TWLO) jumped 6.5% in the afternoon session after the company was added to the S&P MidCap 400 index. S&P Dow Jones Indices announced that the cloud communications provider will join the index effective prior to the opening of trading on Tuesday, August 19. This inclusion is significant as…