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2025 has been a blockbuster year for Robinhood Markets (HOOD) and its investors. Shares of the retail trading platform have returned triple digits so far this year, riding a powerful wave of retail enthusiasm in meme stocks, cryptocurrencies, options, and mega-cap tech giants. Now, Robinhood is once again back in the spotlight after S&P Global announced that HOOD will officially join the prestigious S&P 500 Index ($SPX).
The news sent shares of HOOD stock soaring almost 15.8% on Sept. 8, marking the company’s biggest single-day jump since April and its third-strongest session over the past year. S&P Global confirmed that Robinhood will take the place of Caesars Entertainment (CZR) in the index, with the change set to go live before trading begins on Sept. 22. The long-anticipated move follows months of chatter across Wall Street about whether the company could secure a spot in the benchmark average.