Burned by Robinhood not making the S&P 500? Here’s how you can make money the next time this happens.

Mark Hulbert

‘Buy the rumor, sell the news.’ Stocks that are potential additions to the S&P 500 make most of their gains before the actual announcement.

Last Updated: June 9, 2025 at 8:48 p.m. ET
First Published: June 9, 2025 at 4:02 p.m. ET

Stock investors are making too big a deal of Robinhood Markets not being added to the S&P 500.

Despite weeks of speculation that Robinhood HOOD would be added to the S&P 500 SPX, S&P Dow Jones Indices last Friday decided against the move. Notwithstanding short-term traders’ disappointment with the announcement, being added to the S&P 500 does not have the significant price impact on a stock that it once did.