🟢 Reddit is trading 12.26% up in pre-market after S&P 500 addition

Reddit is trading 12.26% up at $177.50 after S&P Dow Jones Indices announced its addition to the S&P 500 effective before the August 18, 2026, open.

• It will replace AvalonBay Communities, which is being acquired by Equity Residential.
• Index-tracking funds are expected to create buying demand, making the inclusion a clear catalyst for the pre-market surge.
• The move follows a 3.04% August 13 gain; major U.S. indexes are modestly higher pre-market. Confidence is medium, with several sources reporting the same catalyst.