In a rare move, S&P Dow Jones Indices announced no changes to the S&P 500 during its latest quarterly review, defying market speculation that tech names like Robinhood Markets Inc. and AppLovin Corp. might join the benchmark index. This marks the first time since March 2022 that the S&P 500 remains unchanged in a scheduled rebalance.
The reaction was swift: Robinhood stock dropped more than 5% in after-hours trading, while AppLovin shares fell around 5.5%, reflecting investor disappointment after weeks of speculation about their inclusion.
Meanwhile, north of the border, the S&P/TSX Composite Index will see a notable reshuffle effective June 23, 2025. RB Global Inc. (TSX:RBA) will be added to Canada’s primary stock index, while four names will be removed:
| S&P/TSX COMPOSITE INDEX – June 23, 2025 | |||
| COMPANY | GICS SECTOR | GICS SUB-INDUSTRY | |
| ADDED | RB Global, Inc. (TSX:RBA) | Industrials | Diversified Support Services |
| DELETED | Algoma Steel Group Inc. (TSX:ASTL) | Materials | Steel |
| DELETED | Precision Drilling Corporation (TSX:PD) | Energy | Oil & Gas Drilling |
| DELETED | Tilray Brands, Inc. (TSX:TLRY) | Health Care | Pharmaceuticals |
| DELETED | Spin Master Corp. SV (TSX:TOY) | Consumer Discretionary | Leisure Products |
These changes reflect shifts in sector performance and market capitalization and aim to better align the index with the Canadian economy’s evolving landscape.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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