Robinhood and Strategy not included in the S&P 500 index, both stock prices fell

According to Ha Shijian, the stocks of Robinhood and Strategy failed to be included in the S&P 500 index. In the context of a general market decline, the stock prices of both companies continued to fall in after-hours trading. S&P Dow Jones Indices announced on Monday evening that Interactive Brokers Group will replace the chain pharmacy Walgreens Boots Alliance and will join the index tracking the 500 largest companies in the U.S. on Thursday. Wall Street has long anticipated that Robinhood would join the S&P 500 index, while Strategy recently qualified due to the increase in market value driven by the rise in Bitcoin prices. Robinhood (HOOD) saw its stock price drop 1.26% at Monday's close and fell an additional 0.5% in after-hours trading to $107.40. Strategy (MSTR) also saw its stock price drop 4.17% at Monday's close, with an additional decline of 0.6% in after-hours trading to $341.