Robinhood joins new band of companies calling the S&P 500 their home
Online broker Robinhood Markets will join the S&P 500 index after riding the popularity of cryptocurrencies to profitability and an all-time high stock price.
The company is set to join the benchmark index on Sept. 22, along with mobile technology platform AppLovin and construction company Emcor Group.
Robinhood is having one of its best years since going public in 2021 after struggling early on. It closed below its IPO price of $38 on its first day of trading. The stock remained volatile over the next few years, finishing 2023 at $12.74 per share.
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The stock has tripled in 2025 so far, trading at more than $100 per share. That follows a similar gain in 2024.
A total lunar eclipse can be seen as a “blood moon” in the evening sky in Lebus, Germany, Sunday, Sept. 7, 2025. (Patrick Pleul/dpa via AP)
This photograph shows a full moon also known as “Blood Moon” during a lunar eclipse with a statue of the ancient Greek goddess Irene holding a child in the foreground, in central Athens, on September 7, 2025. (Photo by Angelos TZORTZINIS / AFP) (Photo by ANGELOS TZORTZINIS/AFP via Getty Images)
The full moon rises behind a sculpture of a chariot at the Palace Square for a total lunar eclipse in St. Petersburg, Russia, Sunday, Sept. 7, 2025. (AP Photo/Dmitri Lovetsky)
A “blood moon” is seen behind Burj Khalifa on Sunday, Sept. 7, 2025, ahead of a total lunar eclipse as the Sun, Earth and Moon align perfectly in Dubai, United Arab Emirates. (AP Photo/ Fatima Shbair)
The full moon rises behind a statue of an angel fixed atop the Alexander Column at the Palace Square for a total lunar eclipse in St. Petersburg, Russia, Sunday, Sept. 7, 2025. (AP Photo/Dmitri Lovetsky)
The full moon rises behind a sculpture of a chariot at the Palace Square for a total lunar eclipse in St. Petersburg, Russia, Sunday, Sept. 7, 2025. (AP Photo/Dmitri Lovetsky)
A partial lunar eclipse is seen in Frankfurt, Germany, Sunday, Sept. 7, 2025. (AP Photo/Michael Probst)
A partial lunar eclipse is seen over the Floating Bridge as people enjoy a warm autumn evening at Zaryadye park in Moscow, Sunday, Sept. 7, 2025. (AP Photo/Alexander Zemlianichenko)
The full moon rises behind a sculpture atop of the central pavilion of the VDNKh, The Exhibition of Achievements of National Economy, during a total moon eclipse in Moscow, Russia, Sunday, Sept. 7, 2025. (AP Photo/Pavel Bednyakov)
PEBBLE BEACH, CALIFORNIA – SEPTEMBER 06: The moon rises above a Cypress Tree after Day One of The 50th Walker Cup at Cypress Point Club on September 06, 2025 in Pebble Beach, California. (Photo by Luke Hales/Getty Images)
Fans are silhouetted against the rising moon during the second half of an NCAA college football game between Kansas State and Army, Saturday, Sept. 6, 2025, in Manhattan, Kan. (AP Photo/Charlie Riedel)
A “blood moon” is seen behind Burj Khalifa on Sunday, Sept. 7, 2025, ahead of a total lunar eclipse as the Sun, Earth and Moon align perfectly in Dubai, United Arab Emirates. (AP Photo/ Fatima Shbair)
The moon appears from behind the Tokyo Skytree during a total lunar eclipse in the middle of the night above the Japanese capital early on September 8, 2025. Stargazers enjoyed a “Blood Moon” overnight on September 7 during a total lunar eclipse visible across Asia and swathes of Europe and Africa. (STR/JIJI Press/AFP via Getty Images)
A “blood moon” is seen behind Burj Khalifa on Sunday, Sept. 7, 2025, ahead of a total lunar eclipse as the Sun, Earth and Moon align perfectly in Dubai, United Arab Emirates. (AP Photo/ Fatima Shbair)
An almost full moon rises during of an NCAA football game between LSU and Louisiana Tech on Saturday, Sept. 6, 2025, in Baton Rouge, La. (AP Photo/Matthew Hinton)
The full moon lights up the night sky above Vienna, Austria on Sunday, Sept 7. 2025. (AP Photo/Denes Erdos)
The moon appears red during a total lunar eclipse known as the blood moon seen from Rawalpindi, Pakistan, Sunday, Sept. 7, 2025. (AP Photo/Anjum Naveed)
A partial lunar eclipse known as the blood moon, is seen through the minaret of a mosque in Rawalpindi, Pakistan, Monday, Sept. 8, 2025. (AP Photo/Anjum Naveed)
A lunar eclipse on the Blood Moon as seen from Bern, Switzerland, Sunday, Sept. 7, 2025. (Anthony Anex/Keystone via AP)
The Blood Moon is seen during a total lunar eclipse in the sky over of Geneva, Switzerland, Sunday, Sept. 7, 2025. (Salvatore Di Nolfi/Keystone via AP)
A lunar eclipse on the Blood Moon as seen from Orpund, Switzerland, Sunday, Sept. 7, 2025. (Julie Lovens/Keystone via AP)
A lunar eclipse on the Blood Moon as seen above a work of art depicting the federal palace (Bundeshaus) from Bern, Switzerland, Sunday, Sept. 7, 2025. (Anthony Anex/Keystone via AP)
Total lunar eclipse and Blood Moon in Koege, Denmark, Sunday, Sept. 7, 2025. (Mads Claus Rasmussen/Ritzau Scanpix via AP)
The full moon rises behind a statue of an angel fixed atop the Alexander Column at the Palace Square for a total lunar eclipse in St. Petersburg, Russia, Sunday, Sept. 7, 2025. (AP Photo/Dmitri Lovetsky)
The full moon, still half obscured by the Earth’s shadow after a full eclipse, rises behind the Saint George’s Castle in Lisbon, Sunday, Sept. 7, 2025. (AP Photo/Armando Franca)
A Lebanese couple watch as the moon shines during a total lunar eclipse over Kfardebian village, northeast of Beirut, Lebanon, Sunday, Sept. 7, 2025. (AP Photo/Bilal Hussein)
People watch as the moon shines during a total lunar eclipse over Kfardebian village, northeast of Beirut, Lebanon, Sunday, Sept. 7, 2025. (AP Photo/Bilal Hussein)
People watch as the moon shines during a total lunar eclipse over Kfardebian village, northeast of Beirut, Lebanon, Sunday, Sept. 7, 2025. (AP Photo/Bilal Hussein)
A total lunar eclipse “blood moon” visible over Liverpool, England, Sunday, Sept. 7, 2025. (Peter Byrne/PA via AP)
The moon glows red during a total lunar eclipse above the chapel of Panagia Skepasti near Volax village, on the island of Tinos, Greece, Sunday, Sept. 7, 2025. (AP Photo/Petros Giannakouris)
A partial eclipse of the moon is seen above Kuwait City on Sept. 7, 2025. (Yasser AL ZAYYAT / AFP)
A lunar eclipse is seen behind high rise buildings on Sept. 7, 2025 from the outskirts of New Delhi, India. A rare total lunar eclipse known as a “blood moon” was visible across Asia on Sunday, turning the moon a deep red as Earth’s shadow passes over it and offering a striking celestial spectacle visible to millions. (Ritesh Shukla/Getty Images)
The full moon rises behind a statue of an angel fixed atop the Alexander Column at the Palace Square for a total lunar eclipse in St. Petersburg, Russia, Sunday, Sept. 7, 2025. (AP Photo/Dmitri Lovetsky)
A blood moon rises ahead of a lunar eclipse in Hadera, Israel, Sunday, Sept. 7, 2025. (AP Photo/Ariel Schalit)
A corn moon is visible over Manhattan on Sept. 7, 2025 in New York. Viewers in Europe, Africa, Asia, and Australia observed a lunar eclipse as the sun, moon, and Earth aligned in their orbits, causing the moon to appear in a crescent-shaped shadow before being entirely blocked from the sun by Earth. (Spencer Platt/Getty Images)
A corn moon is visible over Manhattan on Sept. 7, 2025 in New York. Viewers in Europe, Africa, Asia, and Australia observed a lunar eclipse as the sun, moon, and Earth aligned in their orbits, causing the moon to appear in a crescent-shaped shadow before being entirely blocked from the sun by Earth. (Spencer Platt/Getty Images)
A corn moon is visible over Manhattan on Sept. 7, 2025 in New York. Viewers in Europe, Africa, Asia, and Australia observed a lunar eclipse as the sun, moon, and Earth aligned in their orbits, causing the moon to appear in a crescent-shaped shadow before being entirely blocked from the sun by Earth. (Spencer Platt/Getty Images)
A corn moon is visible over Manhattan on Sept. 7, 2025 in New York. Viewers in Europe, Africa, Asia, and Australia observed a lunar eclipse as the sun, moon, and Earth aligned in their orbits, causing the moon to appear in a crescent-shaped shadow before being entirely blocked from the sun by Earth. (Spencer Platt/Getty Images)
Onlookers watch the total lunar eclipse, also known as the blood moon, from a park bench, in Leipzig, Germany, Sunday, Sept. 7, 2025. (Jan Woitas/dpa via AP)
A total lunar eclipse can be seen as a so-called blood moon in the evening sky over the landscape on the German-Polish border river Oder, in Lebus, Germany, Sunday, Sept. 7, 2025. (Patrick Pleul/dpa via AP)