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Reddit Stock Soars 12% on S&P 500 Inclusion News

Reddit (RDDT) surges 12% after being added to the S&P 500, replacing AvalonBay Communities following its merger with Equity Residential. Minimal direct impact on broader S&P 500 index performance.

Reddit (RDDT) Set to Join S&P 500, Replacing AvalonBay

Reddit (RDDT) will join the S&P 500, replacing AvalonBay Communities after Equity Residential's acquisition. RDDT shares surged 11.3% after-hours. Minor index composition news with limited broad mark…