S&P Dow Jones Indices left membership in the S&P 500 unchanged in its latest round of quarterly rebalancing on Friday, according to a company spokesperson.
Wall Street analysts often estimate ahead of the announcement which companies will be added. This time around, brokerage firm Robinhood Markets, Inc. rose about 13% this week after firms including Bank of America Corp. and Barclays Plc speculated the company was a top candidate to join the benchmark index. Shares of Robinhood dropped 6% in after hours trading.
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