Major Companies Set to Join S&P 500, Share Prices Surge

March 8, 2025 - 05:25

Shares of DoorDash, Williams-Sonoma, Expand Energy, and TKO Group experienced significant gains in after-hours trading following the announcement of their inclusion in the S&P 500 index. This prestigious benchmark is widely regarded as a barometer of the U.S. stock market and includes the largest and most influential companies.

The announcement came from S&P Dow Jones Indices, revealing that these four companies will officially join the index before trading begins on Monday, March 24. Following the news, DoorDash saw an impressive increase of 7.5% in its stock price, reflecting strong investor confidence. Meanwhile, Williams-Sonoma's shares rose by 2.4%, Expand Energy added 1.5%, and TKO Group experienced a gain of 2.6%.

The inclusion in the S&P 500 is often seen as a significant milestone for companies, as it can lead to increased visibility and investment from institutional investors. The market's positive reaction underscores the anticipation surrounding these companies' future growth and performance within the index.