Robinhood Stock Jumps 15% on S&P 500 Inclusion; Strategy Slips as Analysts/Saylor Downplay Snub

Robinhood (HOOD) banal soared 15% connected Monday pursuing the company’s inclusion successful the S&P 500, the wide tracked benchmark for U.S. equities. The announcement was made aft markets closed connected Friday and takes effect with the index’s September 22 rebalance.

The trading platform, which has seen its banal terms astir triple this year, has agelong been considered a frontrunner for inclusion. It was 1 of the 3 largest eligible companies yet to beryllium added to the index.

Meanwhile, shares of Strategy (MSTR) slipped little aft the bitcoin (BTC) improvement institution was passed over,despite qualifying for inclusion for the archetypal clip this quarter. Strategy posted $14 cardinal successful operating income and $10 cardinal successful nett income for the 2nd 4th 2025 — eye-popping figures that met the S&P’s requirements. The root of the nett — a crisp emergence successful the terms of bitcoin — apt didn't acceptable good with the enactment committee, which surely was alert that BTC tin besides determination successful the other direction.

MSTR was down 1.5% successful precocious greeting U.S. action.

Appearing connected CNBC Monday morning, Strategy CEO Michael Saylor said helium hadn’t expected contiguous inclusion. “I don’t deliberation we expected to beryllium selected connected our archetypal 4th of eligibility,” helium said. “We figured it’ll hap astatine immoderate time.”

Benchmark expert Mark Palmer echoed that sentiment, penning that Strategy “does not request S&P’s support arsenic validation of its operating model, arsenic the marketplace scoreboard has already provided it successful emphatic fashion.”

TD Cowen expert Lance Vitanca called the committee’s determination unsurprising. “Inclusion was ne'er cardinal to our concern thesis, though it remains a imaginable affirmative catalyst,” helium wrote.

Some observers speculate that the committee whitethorn beryllium hesitant to see a institution truthful heavy tied to bitcoin. Vitanca addressed the anticipation directly, writing: “To the grade the Committee is alternatively acting connected deeper, philosophical, political, oregon economical concerns, these whitethorn beryllium assuaged implicit time.”