Index Inclusion

USA Rare Earth (USAR) announced its preliminary inclusion in the Russell 2000 Index, according to the FTSE Russell Preliminary List of IPO Additions. The inclusion is projected to take effect on December 22, 2025, pending the completion of FTSE Russell’s standard review procedures. Membership will also include USAR in the Russell 3000 Index and style indexes. Russell indexes are widely used by investment managers and as the basis for index-linked investment products.

AppLovin (APP) and Robinhood (HOOD) shares jumped 7% after-hours following S&P Global’s announcement of their inclusion in the S&P 500, effective September 22nd. AppLovin replaces MarketAxess (MKTX), and Robinhood replaces Caesars Entertainment (CZR). This is a significant validation, especially for Robinhood. While index inclusion typically boosts share prices, the long-term benefits for AppLovin, in the competitive mobile advertising sector, and Robinhood, requiring sustained profitability, remain to be seen.