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TechFlow, September 6 — Michael Saylor's Strategy (MSTR) failed to be included in the S&P 500 index on Friday, despite reporting strong quarterly earnings and meeting all criteria for inclusion. As a result, MSTR dropped 3% in after-hours trading, erasing intraday gains. Robinhood (HOOD) was unexpectedly added to the S&P 500, driving its shares up 7% after the close. The change will take effect on September 22.
Michael Saylor's Strategy (MSTR) was not included in the S&P 500 index on Friday, despite reporting strong quarterly earnings and meeting all criteria for inclusion. As a result, MSTR fell 3% in after-hours trading, erasing intraday gains. Robinhood (HOOD) was unexpectedly added to the S&P 500, driving its shares up 7% after hours. The change will take effect on September 22.
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