Reddit’s S&P 500 debut could unleash nearly $3 billion of index-fund buying
Covered by 1 source · 1 article
Reddit (RDDT) is set to join the S&P 500 before the market opens on Aug. 18, replacing AvalonBay Communities (AVB). J.P. Morgan analysts estimate index funds that track the benchmark will need to buy about 16.7 million Reddit shares to refl…
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