Applovin and Robinhood add to S&P 500

Shares of advertising technology company Applovin and a stock trading application Slavery Each jumped about 7% with prolonged trading on Friday after S&P Global said the two would join the S&P 500 Index.

The changes will take effect before the start of the trade on September 22, S&P Global said in a statement. Applovin will replace Marketaxess HoldingsWhile slavery will take the place of Caesars EntertainmentS

In March, Short-Seller Fuzzy Panda Research advised the committee For the American High Capacity Index to prevent Applovin from becoming an integral part. Applovin’s shares dropped by 15% in December when the Commission chose a business day to join the S&P 500. Robinhood, in turn, saw shares Drag 2% In June, when he was excluded from the three -month balancing of the index.

The S&P 500 already has a large concentration of large technology companies. Datadog and Doordash entered earlier this yearS

It is normal for the shares to increase the news of their inclusion in a basic index such as the S&P 500. Fund managers must buy shares to reflect updates.

Applovin and Robinhood became the public domain of NASDAQ in 2021.

Robinhood is a favorite of retail investors who have been bidding stocks on MEME as Amc entertainment and GamestopS

Applovin himself became an operation, with the shares accumulating 278% in 2023 and over 700% in 2024. At the end of Friday, the action so far won only 51% in 2025. Applovin software brings purposeful ads to mobile applications and games.

Earlier this year Applovin suggested to buy the United States Tiktok Business from Chinese Bytedance. US president Donald Trump Repeatedly extends the deadline for sale, most recently in June.

At the annual Robinhood General Assembly in June, a shareholder asked Vlad Tenev, co -founder and executive director of the company if there were plans to enter the S&P 500.

“It’s hard to plan,” Tenev said. “I think this is one of those things we hope will happen.”

He said he believed that the company is eligible.

Marketaxess shares, which specialize in fixed income trade, have fallen 17% of the year, while Caesars shares that manage hotels and casinos have decreased by 21%.