Reddit Inc (NYSE:RDDT) shares jumped more than 16% on Friday after S&P Dow Jones Indices said the company will join the S&P 500 index next week.
The inclusion is expected to trigger mandatory buying from institutional funds that track the benchmark.
Applied Materials Inc (NASDAQ:AMAT, XETRA:AP2) shares fell about 4% on Friday even after the chipmaking equipment supplier beat Wall Street estimates on both revenue and profit for its fiscal third quarter and issued fourth-quarter guidance above expectations.
The Santa Clara, California-based company reported revenue of $9.12 billion for the quarter, up 25% year-over-year and ahead of analyst estimates of $8.99 billion.
Bitcoin speculators are positioning for a cramped, choppy August, with prediction market Polymarket pricing a strong chance of a move to $65,000 but almost no prospect of a fresh record.
The "What price will Bitcoin hit in August?" market gives the cryptocurrency roughly a 59% chance of touching $65,000 at some point during the month.