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8 articles
10-Year Yield Nears 19-Month High as Retail Sales Drop 0.6% in July
University of Michigan inflation expectations hit 4.3% for the year ahead, putting rate-sensitive and consumer stocks in the crossfire as earnings season resumes.
Reddit Joins S&P 500 on Aug. 18 as RDDT Jumps 12.6 Percent
RDDT closed at $178.09 Friday after S&P Dow Jones Indices confirmed the Aug. 18 addition, replacing AvalonBay Communities, which Equity Residential is acquiring.
Reddit Joins the S&P 500 on Aug. 18, Shares Jump 12 Percent
S&P Dow Jones Indices adds Reddit to the benchmark index on Aug. 18, sending RDDT up 12 percent to $177.74 as the stock tries to recover from a 31 percent year-to-date slide.
Reddit Joins the S&P 500 on Aug. 18, Replacing AvalonBay Communities
S&P Dow Jones Indices confirmed Aug. 13 that RDDT enters the benchmark before the open Aug. 18, sending shares up as much as 12 percent in after-hours trading.
Reddit Joins S&P 500 on Aug. 18, Replacing AvalonBay in M&A-Driven Reshuffle
RDDT enters the benchmark index as Equity Residential's acquisition of AvalonBay forces a slot open; shares rose more than 8.8 percent in after-hours trading Wednesday.
Reddit Joins S&P 500 on Aug. 18, Shares Rise 11% After-Hours
Reddit will replace AvalonBay Communities in the S&P 500 on Aug. 18, sending shares up 11 percent despite investor concerns over AI-driven search traffic.
Reddit's S&P 500 Entry Triggers Forced Buying as AI Search Risk Lingers
Reddit shares jumped 11 percent after S&P Dow Jones Indices confirmed an Aug. 18 index addition, generating mandatory institutional demand even as Google's AI Overviews threaten its user acquisition pipeline.
Reddit Beats Revenue Estimates but Stock Falls on Absence of New AI Data Deals
The platform projected strong current-quarter revenue, but shares dropped after the company announced no additional data licensing agreements for AI training.