Reddit to be Added to the S&P 500 on August 18, Shares Surge Over 11% in After-Hours Trading

Odaily News S&P Dow Jones Indices announced that Reddit (RDDT) will be officially added to the S&P 500 index before the market opens on August 18, replacing the acquired AvalonBay Communities (AVB).

Following this news, Reddit's after-hours share price surged more than 11% at one point.