Reddit, Inc.RDDT
▲ PositiveCapitalrelevance
Inclusion in S&P 500 will trigger index fund buying, boosting demand for the stock.
Impact on stocks 1
Communication Services
Reddit, Inc.Reddit will join the S&P 500 index as of Tuesday, a move that sent its stock up nearly 14% around midday Friday. Inclusion in the benchmark index is seen as a mark of stability and typically boosts investment because trillions of dollars in mutual funds and exchange-traded funds track or mimic the S&P 500 and will need to buy the stock. The company qualified after trading publicly for at least 12 months and recently posted its highest-ever quarterly revenue, with profits in almost every quarter since its 2024 initial public offering. Wall Street expects profits to more than double overall in 2026 on a surge in revenue.
Reddit, Inc.Inclusion in S&P 500 will trigger index fund buying, boosting demand for the stock.