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Reddit Jumps 14% on S&P 500 Addition Sparking Inflow Rally

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Reddit will join the S&P 500 on August 18, driving a 14% stock rally due to anticipated passive index buying.
  • However, underlying profitability concerns, search volatility, and AI-driven search disruption present continued fundamental risks despite technical support.
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US500 price history

7585.73 +11.35% over the displayed period

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