AppLovin and Robinhood to Join S&P 500 on Sept. 22, Replacing MarketAxess and Caesars; Stocks Jump 7% in After-Hours Trading

AppLovin and Robinhood added to S&P 500

Avishek Das | SOPA Images | Lightrocket | Getty ImagesShares of advertising technology company AppLovin and stock trading app Robinhood Markets each jumped about 7% in extended trading on Friday after S&P Global said the two will join the S&P 500 index.The changes will go into effect before the beginning of trading on Sept. 22, S&P Global announced in a statement. AppLovin will replace MarketAxess Holdings, while Robinhood will take the place of Caesars Entertainment.In March, short-seller Fuzzy...