<div id="readability-page-1"><div><div>S&amp;P Dow Jones Indices announced a sweeping update to its benchmarks late Friday, unveiling new additions to the S&amp;P 100, S&amp;P 500, S&amp;P MidCap 400, and S&amp;P SmallCap 600.The adjustments, tied to the quarterly rebalance, will take effect before markets open on September 22.The reshuffle is designed to ensure that each index more accurately reflects its market capitalization range.Also Read: Benzinga Bulls And Bears: Alphabet, Broadcom, Lululemon — And Gold Rush ContinuesS&amp;P 500 AdditionsThree companies are joining the S&amp;P 500: AppLovin Corp. APP, Robinhood Markets Inc. HOOD, and Emcor Group Inc. EME.They will replace MarketAxess Holdings Inc. MKTX, Caesars Entertainment Inc. CZR, and Enphase Energy Inc. ENPH, which will be moved to smaller-cap indexes.Robinhood’s addition to the S&amp;P 500 represents a pivotal moment for the brokerage, Bloomberg reports.Of all the firms, the trading app, once seen as emblematic of pandemic-fueled speculation, has matured into a mainstream financial player. It now manages billions in assets spanning stocks, options, and cryptocurrencies.The milestone underscores its role as a lasting force in retail investor participation.According to Benzinga Pro, HOOD stock has gained over 434% in the past year. Investors can gain exposure to the stock via ETF Opportunities Trust T-Rex 2X Long HOOD Daily Target ETF ROBN.The impact goes well beyond Robinhood itself. Inclusion in the S&amp;P 500 automatically places the company into index funds, pensions, and retirement accounts globally.That means a platform built on retail speculation now sits at the heart of institutional investing, Bloomberg adds. What began as a challenge to Wall Street is steadily becoming a cornerstone of it.S&amp;P 100 ChangeUber Technologies Inc. UBER will join the S&amp;P 100, replacing Charter Communications Inc. CHTR. Charter will remain a component of the S&amp;P 500.MidCap 400 And SmallCap 600 UpdatesSeveral shifts are occurring in mid- and small-cap indexes. MP Materials Corp. MP and Kratos Defense &amp; Security Solutions Inc. KTOS move into the S&amp;P MidCap 400, while The Wendy’s Company WEN, MarketAxess, Caesars, and Enphase will transition into the S&amp;P SmallCap 600.Additionally, Nutanix Inc. NTNX and TransUnion TRU are joining the MidCap 400, while Acadia Healthcare Company Inc. ACHC and ManpowerGroup Inc. MAN shift to the SmallCap 600.Other notable SmallCap 600 entrants include Noble Corporation plc NE, Q2 Holdings Inc. QTWO, Waystar Holding Corp. WAY, and Hecla Mining Co. HL.Why It MattersIndex reshufflings often spark significant stock moves as fund managers tracking these benchmarks adjust their portfolios. Companies added to the S&amp;P 500, in particular, frequently see higher demand because of the large pool of passive investors tied to the index.<ul> <li>Elizabeth Warren Says Trump ‘Turned Out To Be A Big Liar’ As President’s Family Reportedly Scores $5 Billion Crypto Windfall</li> </ul></div></div></div>

HOOD

Robinhood Markets Inc. has been added to the S&P 500, marking a significant shift for the brokerage as it transitions from a pandemic-driven trading app to a mainstream financial player. This change, effective September 22, is part of a broader index reshuffle by S&P Dow Jones Indices, which also includes AppLovin Corp. and Emcor Group Inc. Robinhood's inclusion signifies its growing influence in retail investing and will automatically place it in global index funds, highlighting its role in institutional investing.

Robinhood Enters S&P 500, Marking Retail Trading's Shift To Wall Street Core