"The Trade Desk (TTD) will join the S&P 500 index before the open on Friday, July 18, replacing Ansys (ANSS), which is closing its acquisition."
"S&P Dow Jones Indices bypassed Robinhood (HOOD) and other potential candidates for the S&P 500 listing, emphasizing Trade Desk's significance in digital advertising."
Trade Desk (TTD) is set to replace Ansys (ANSS) in the S&P 500 index before the market opens on Friday, July 18. This change comes as Synopsys (SNPS) completes its acquisition of Ansys on Thursday. The announcement led to a rise in Trade Desk's stock on late Monday. Notably, S&P Dow Jones Indices chose not to include Robinhood (HOOD) or several other contenders, highlighting Trade Desk's prominent role in the digital advertising industry.
Read at Investor's Business Daily
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