Interactive Brokers Group (NASDAQ:IBKR) saw its shares jump after S&P Dow Jones Indices announced Monday that the brokerage will be added to the S&P 500 starting Thursday, taking the place of Walgreens Boots Alliance (NASDAQ:WBA).
Walgreens is set to go private through a deal with Sycamore Partners, expected to close shortly. Following the news, Interactive Brokers shares rose roughly 4% in premarket trading Tuesday. The stock has doubled over the past year and is up 42% so far in 2025.
The company recently reported adjusted earnings of $0.51 per share for Q2 ended June 30, compared with $0.44 a year earlier and beating the analyst consensus of $0.46. Revenue climbed 14.7% year-over-year to $1.48 billion, surpassing expectations of $1.36 billion.
In a related move, Talen Energy (NASDAQ:TLN) will enter the S&P MidCap 400, taking Interactive Brokers’ former spot, also effective Thursday. Talen’s shares jumped more than 4% following the announcement. The power producer has gained from rising electricity demand due to electrification trends and the rapid expansion of AI data centers, boosting its stock 76% so far this year.
Meanwhile, Robinhood Markets (NASDAQ:HOOD) edged lower in late trading amid speculation that it might have been added to the S&P 500. Its shares have surged nearly 190% in 2025, valuing the company at around $96 billion.
S&P Dow Jones Indices also confirmed that Kinetik Holdings (NYSE:KNTK) will join the S&P SmallCap 600 on Sept. 2, replacing Pacific Premier Bancorp (NASDAQ:PPBI), which is being acquired by Columbia Banking System.
Interactive Brokers stock price
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