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U.S. stocks fell on Thursday after August producer price data and surging oil prices stoked worries the Federal Reserve will hike rates next week, while rising Treasury yields made stocks less attractive. Heavyweight chipmakers also lost ground.
Reddit (RDDT) will be added to the S&P 500, according to TradeXchange Newsdesk, with no further details on timing or methodology provided.
U.S. officials say the naval blockade of Iran can be maintained “indefinitely,” while Treasury Secretary Scott Bessent warns of impending measures tied to the economic isolation campaign.
TradeXchange Newsdesk reports that Reddit (RDDT) will be added to the S&P 500, without providing timing, index methodology details, or further rationale.