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yesterday

The Trade Desk to Join S&P 500 Following Ansys Acquisition

The inclusion compels index funds to buy the stock before markets open on July 18, fueling passive inflows.

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S&P 500 inclusion gave The Trade Desk stock a fresh jolt of investor interest.

Overview

  • S&P Dow Jones Indices confirmed that The Trade Desk will replace Ansys in the S&P 500 effective at the opening bell on July 18.
  • The Trade Desk’s shares jumped about 14.7% in after-hours trading to roughly $86.50 after the inclusion announcement.
  • Synopsys’s acquisition of Ansys, set to close on July 17, created the vacancy that prompted the index reshuffle.
  • Shares of Robinhood and AppLovin fell after being passed over for the newly vacated S&P 500 slot.
  • Admission into the S&P 500 is expected to boost The Trade Desk’s market visibility and attract significant ETF-driven passive inflows.