WS #14037

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Reddit (RDDT) will join the S&P 500 on Aug 18, replacing AvalonBay, driving an 11% after-hours surge. Soft PPI data reduced the probability of a September Fed rate hike to ~35%, supporting equities and pressuring the dollar.

Reddit S&P 500 inclusion

Reddit (RDDT) will join the S&P 500 on Aug 18, replacing AvalonBay, driving an 11% after-hours surge.

Soft PPI data reduced the probability of a September Fed rate hike to ~35%, supporting equities and pressuring the dollar.

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