Topic: #index-funds

Reddit Stock Surges on S&P 500 Inclusion: Who Buys and What Happens Next

On Friday, Reddit shares surged more than 11% following an announcement by S&P Dow Jones Indices that the company will join the S&P 500 on August 18. The surge is due to index funds needing to buy the stock, with demand

2d agostock-marketsp-500

Reddit's S&P 500 Debut to Trigger $2.9 Billion in Index Buying

On August 18, Reddit is set to join the S&P 500, replacing AvalonBay Communities. J.P. Morgan analysts estimate index funds will need to buy approximately 16.7 million Reddit shares, equating to nearly $2.9 billion worth

2d agostock-marketsp-500