Interactive Brokers to Join S & P 500, Replacing Walgreens

S & p down Jones indices said Monday that it will add Interactive Brokers to the S&P 500 Index At the opening of trading on Thursday.

The brokerage service is replacing Walgreens boots alliance, Which is being taken private private in a deal with sycamore partners that is expected to close song.

Interactive Brokers Shares Jumped Nearly 5% in after-Hours Trading on the News. The stock has doubled over the past year, and is up 42% year to date.

Meanwhile, Robinhood Markets Shares Were Slightly Lower in Extended Trading. Some investors have had high hopes that the digital brokege would be added to the index. Robinhood shares are up Nearly 190% since the start of the year, putting its market cap at nearly $ 96 billion.

Talen energy Will take interactive brokers’ Spot in the S & P Midcap 400, also Thursday, S & P Dow Jones Indices Said. The independent power producer’s stock gained more than 3% in extended trading after the announment. Talen has been seen as a beneficiary of increasing power demand from Increased Electrification and the Rise of Artificial Intelligence Data Ceters. Its stock has climbed 76% year to date.

On sept. 2, Kinetik Holdings will replace Pacific Premier Bancorp In the S & P Smallcap 600, The Index Provider said. Pacific Premier Bancorp is set to be acquired by Columbia banking system,