Robinhood: One of Three New Additions to S&P 500 in Rebalance

AppLovin and Emcor Group Are Also Added

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NEW YORK - Robinhood Markets has been added to the S&P 500, marking a new phase for the retail trading platform that helped define the pandemic-era boom in individual investing.

The company will join the benchmark in the latest quarterly rebalance, S&P Dow Jones Indices said on Sept. 6.

AppLovin and Emcor Group will also be added to the index.

The three companies will replace MarketAxess Holdings, Caesars Entertainment, and Enphase Energy prior to the start of trading on Sept. 22.

Robinhood's entry into the S&P 500 marks a milestone not just for the company, but also for the investing boom it helped define.

Once a symbol of pandemic-era excess, the trading app now oversees billions in customer assets, from options to crypto, proving a durable engine of retail market participation.

Shares of Robinhood were up more than 7 percent in after-hours trading.