Read more
3:34 PM · 5 September 2023

Blackstone and Airbnb shares surged after joining the SP500!

-
-
Open account Download free app
-
-
Open account Download free app

Blackstone (BXMT.US) and Airbnb (ABNB.US) surged on Tuesday after it was announced that both companies will be joining the S&P 500 index, effective September 18. Blackstone, which will replace Lincoln National, saw its stock rise by as much as 5.0%, while Airbnb, replacing Newell Brands, enjoyed a gain of up to 8.3%.

Analysts view Blackstone's inclusion as a major milestone, marking the first time a listed alternative asset manager has joined the S&P 500, which could broaden the investor base and lead to a re-rating of the company and the sector at large. The inclusion of both companies in the index is considered a significant positive catalyst, reinforcing the willingness of the S&P index committee to make impactful changes during rebalances.

Airbnb

 

Airbnb stock price experienced a rapid surge following the announcement. Company shares have been on an upward trendline since the beginning of this year. Recently shares bounced from the $123 support level, and the price is now approaching a $145 resistance level.

Source: xStation 5

15 January 2026, 3:35 PM

Experimental drug suspended❓💊 Shares od Disc Medicine lose as much as 7% 🚨

15 January 2026, 3:08 PM

Divorce of Europe and the USA over Greenland

15 January 2026, 2:43 PM

US Open: Optimism drives indices on Wall Street📈BlackRock surges after earnings

15 January 2026, 1:38 PM

JP Morgan and Goldman Sachs: Giants after earnings

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits