Robinhood (HOOD) inventory is surging on Monday following Robinhood’s announcement of induction into the S&P 500 index. The inventory is up over 15% at press time, reversing the stoop it skilled in direction of the tip of August. Robinhood, AppLovin (APP), and Emcor (EME) are set to affix the S&P 500 through the index’s subsequent rebalancing on Sept. 22, S&P Dow Jones Indices stated in an announcement Friday.
CEO Vlad Tenev mentioned the Robinhood Nasdaq itemizing final week, calling it an incredible achievement. It’s an thrilling milestone to have Robinhood be part of the storied S&P 500 Index,” he wrote on a submit to X Friday. “I’ll share what I informed the staff at the moment — we don’t cease to have a good time, our single focus stays constructing distinctive merchandise for our prospects.”
Late final month, HOOD rallied following Trump’s pro-crypto govt order that allows 401 (ok) financial savings plans to incorporate cryptocurrencies and digital property. Main cryptocurrencies and crypto-related shares have been rallying early earlier than the announcement, together with Bitcoin and different high cash.
Robinhood inventory is up 209% year-to-date, one of many high performers on the inventory market. Its involvement within the crypto business contains buying and selling crypto-related corporations on its platform. The inventory has been in all-time excessive territory all through 2025.
