Robinhood Joining S&P 500, HOOD Stock Surges 15% () program details. Reviews, Scam or Paying
Robinhood (HOOD) stock is surging on Monday following Robinhood’s announcement of induction into the S&P 500 index. The stock is up over 15% at press time, reversing the slump it experienced towards the end of August. Robinhood, AppLovin (APP), and Emcor (EME) are set to join the S&P 500 during the index’s next rebalancing on Sept. 22, S&P Dow Jones Indices said in a statement Friday. CEO Vlad Tenev discussed the Robinhood Nasdaq listing last week, calling it a great achievement. It’s an exciting milestone to have Robinhood join the storied S&P 500 Index,” he wrote on a post to X Friday. “I’ll share what I told the team today — we don’t stop to celebrate, our single focus remains building exceptional products for our customers.” Late last month, HOOD rallied following Trump’s pro- crypto executive order that permits 401 (k) savings plans to include cryptocurrencies and digital assets. Major cryptocurrencies and crypto-related stoc...