AppLovin, Robinhood, and Emcor Join S&P 500, Strategy Rejected
AppLovin, Robinhood, and Emcor are set to join the S&P 500 in September, replacing MarketAxess, Caesars, and Enphase Energy, with their shares rallying after the announcement. The move reflects their large market caps and aims to better represent their market segments, while other potential additions like Strategy did not make the cut.