Robinhood shares marches as a company set to join the S&P 500

Robinhood (CabbotThe shares rose more than 8 % on Monday morning on the news that will be included in the company soon in the S&P 500 (^Gspc).

Robinhood, Applovin (program), And Emcor (It is happeningWe are Set to join the S&P 500 During the upcoming re -balance of the index on September 22, the S& P Jones indicators said in a statement on Friday. The three companies will replace Marketaxess (MKTX), Caesar entertainment (CZR), Enphase Energy (Enph).

Applovin and EMCOR increased more than 9.5 % and more than 2 %, respectively, through pre -market trading on Monday morning. Marketaxess, Ciesars, and Enphase were almost flat, while Enphase lost slightly more than 0.5 %.

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Robinhood’s transition to the list of the largest companies that are generally traded in the United States follows a group that has seen an easy mediation platform to enter into use over the past few years.

The trading platform boom was particularly supported by an increase in retail trade in the depths of the epidemic, when he saw her Robinhood Trading revenues are almost doubled Between Q1 2020 and Q2 2020, where the United States decreased in clips and left many Americans with a much larger free time and spending has decreased dramatically.

For merchants jumping to the mad -stock madness in 2020 and 2021, he led in a large part of More than 2000 % profit in GamestopRobinhood has become a selection platform – for it User swelling from 11.7 million users to 21.3 million users Between December 2020 and June 2021. The mediation has also become an early adoption of the encrypted currency, allowing users to buy and sell bitcoin by gathering encryption in early 2020.

For its explosive growth in the epidemic era, the company Make $ 2.1 billion in public subscription in July 2021. The total revenues of the company $ 2.95 billion In 2024.

Applovin, which provides tools that include analyzes, advertising technology, and developers liquefaction programs, witnessed applications, the market increased from about $ 13.5 billion at the end of 2023 To more than 100 billion dollars By December 2024, with revenues 4.7 billion dollars That year.

EMCOR provides industrial infrastructure and energy for facilities, power stations and refineries. The company has made a play to be one of the top infrastructure providers for artificial intelligence data centers, which suffers from a An increase in growth as large technology is pushed strongly to add energy and energy For AI Arms. EMCOR reservation revenue 14.57 billion dollars In 2024.

Jake Conley is an urgent news correspondent covering American stocks to finance Yahoo. Follow it on X on BYJAKECONYY or send it by email Jake.co[email protected].