Reddit (RDDT) will replace AvalonBay Communities in the S&P 500 starting August 18, boosting its shares by about 12% pre-market. Nintendo's shares rose up to 7.5% after Pokémon Pokopia sales surpassed 5 million units, supported by the exclusive release on Nintendo Switch 2 and upcoming console launch in Indonesia. Applied Materials (AMAT) reported strong Q3 earnings and revenue growth but saw a 5% share drop as investors expected even more after a 98% year-to-date gain. Additionally, Equity Residential's acquisition of AvalonBay will create Vivmark Residential, which will remain in the S&P 500, while Sun Communities will replace Webster Financial in the S&P MidCap 400 following its acquisition by Banco Santander.
Reddit will join the S&P 500 later this month, prompting a premarket stock rise of about 11% due to expected index fund buying. However, historical data shows that many recent S&P 500 additions experience an initial price jump followed by declines or...
Reddit stock has dropped over 22% since early July, making it an attractive buy ahead of its scheduled inclusion in the S&P 500 index on August 18, 2026. This inclusion typically triggers automatic fund buying and significant price spikes, as seen wi...
Reddit's shares surged 11% in after-hours trading following the announcement that the social media company will join the S&P 500 index on August 18. Reddit will replace AvalonBay Communities Inc. in the benchmark, becoming only the second pure social...
Meta Platforms shares dropped nearly 8% after Q2 earnings missed EPS expectations by 14.4%, despite revenue growth of 28%. The company reported a massive $31 billion quarterly capital expenditure as it invests heavily in AI infrastructure and busines...
