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Blackstone and Airbnb set to join S&P 500; shares climb

© Reuters. Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon

(Reuters) – Shares of Blackstone (NYSE:) and Airbnb rallied in extended trade on Friday after S&P Dow Jones Indices said the two companies would join the .

Blackstone was up 4.1%, while Airbnb jumped 5% after S&P Dow Jones Indices said the companies would replace Lincoln National Corp (NYSE:) and Inc before the start of trading on Sept. 18.

Lincoln National dipped 0.7% and Newell Brands was last unchanged.

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This article was written by Follow Leo Nelissen is an analyst focusing on major economic developments related to supply chains, infrastructure, and commodities. He...