![\"Robinhood](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/09\/108195174-HOOD.jpg\")
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Shares of advertising technology company AppLovin<\/a> and stock trading app Robinhood Markets<\/a> each jumped about 7% in extended trading on Friday after S&P Global said the two will join the S&P 500 index.<\/p>\n 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<\/a>, while Robinhood will take the place of Caesars Entertainment<\/a>.<\/p>\n In March, short-seller Fuzzy Panda Research advised the committee<\/a> for the large-cap U.S. index to keep AppLovin from becoming a constituent. AppLovin shares dropped 15% in December, when the committee picked Workday to join the S&P 500. Robinhood, for its part, saw shares slip 2%<\/a> in June when it was excluded from a quarterly rebalancing of the index.<\/p>\n The S&P 500 already has a heavy concentration of large technology companies. Datadog<\/a> and DoorDash<\/a> entered earlier this year<\/a>.<\/p>\n It’s normal for stocks to go up on news of their inclusion in a major index such as the S&P 500. Fund managers need to buy shares to reflect the updates.<\/p>\n AppLovin and Robinhood both went public on Nasdaq in 2021. <\/p>\n Robinhood has been a favorite among retail investors who have bid up shares of meme stocks such as AMC Entertainment<\/a> and GameStop<\/a>. <\/p>\n AppLovin itself became a stock to watch, with shares gaining 278% in 2023 and over 700% in 2024. As of Friday’s close, the stock had gained only 51% so far in 2025. AppLovin’s software brings targeted ads to mobile apps and games.<\/p>\n Earlier this year, AppLovin offered to buy the U.S. TikTok<\/a> business from China’s ByteDance. U.S. President Donald Trump<\/a> has repeatedly extended the deadline for a sale, most recently in June.<\/p>\n At Robinhood’s annual general meeting in June, a shareholder asked Vlad Tenev, the company’s co-founder and CEO, if there were plans for getting into the S&P 500.<\/p>\n “It’s a difficult thing to plan for,” Tenev said. “I think it’s one of those things that hopefully happens.” <\/p>\n He said he belived the company was eligible.<\/p>\n Shares of MarketAxess, which specializes in fixed-income trading, have fallen 17% year to date, while shares of Caesars, which runs hotels and casinos, are down 21%.<\/p>\n Stock Chart IconStock chart icon AppLovin and Robinhood ytd stock chart.<\/p>\n","protected":false},"excerpt":{"rendered":"Shares of advertising technology company AppLovin and stock trading app Robinhood Markets each jumped about 7% in extended…\n","protected":false},"author":2,"featured_media":135633,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[53323,21994,116,5681,28,122,18177,70848,1072,12,45694,24591,174,85042,112,2475,108],"class_list":["post-135632","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-amc-entertainment-holdings-inc","tag-applovin-corp","tag-breaking-news-markets","tag-breaking-news-technology","tag-business","tag-business-news","tag-caesars-entertainment-inc","tag-datadog-inc","tag-donald-j-trump","tag-donald-trump","tag-doordash-inc","tag-gamestop-corp","tag-internet","tag-marketaxess-holdings-inc","tag-markets","tag-robinhood-markets-inc","tag-social-media"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/135632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=135632"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/135632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/135633"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=135632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=135632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=135632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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