๐ Reddit Surges 12% on S&P 500 Entry โ Index Tops 7,800 for the First Time Ever
S&P Dow Jones Indices confirmed Reddit (RDDT) will join the S&P 500 before the open on August 18, replacing AvalonBay Communities, sending shares up 12โ15% in a single session. Reddit becomes just the second pureplay social media company in the index alongside Meta โ a milestone after shares had lost over 31% year-to-date before the announcement. Meanwhile, the broader S&P 500 closed at a record 7,798.99 and crossed 7,800 intraday for the first time. Are you adding RDDT ahead of inclusion? Not financial advice.
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