Reddit Stock Soars 14% Ahead of S&P 500 Inclusion Next Week
Reddit will join the S&P 500 on Tuesday, boosting its stock nearly 14% as index funds must buy shares. Inclusion follows strong Q2 earnings and consistent profitability since its 2024 IPO.
Market context
Follow the story. See which markets it affects. Explore the context.
Reddit will join the S&P 500 on Tuesday, boosting its stock nearly 14% as index funds must buy shares. Inclusion follows strong Q2 earnings and consistent profitability since its 2024 IPO.