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Reddit (RDDT) Joins S&P 500 Index Effective August 18

Reddit (RDDT) will join the S&P 500 effective August 18th, replacing an acquired constituent. This index inclusion reflects Reddit's growth and profitability but has minimal direct impact on the broa…

Reddit Joins S&P 500, Replacing AvalonBay Communities

Reddit will join the S&P 500 on Aug. 18, replacing AvalonBay Communities. Reddit shares rose on anticipated passive fund buying, though the index addition itself has minor overall impact on US500.