Shares of Airbnb Inc. ABNB, +8.24% surged more than 7% and of Blackstone Inc. BX, +4.00% rose 4%, while shares of were rising 5% after S&P Dow Jones Indices announced that both names would gain inclusion into the S&P 500. The changes take effect before the start of trading Sept. 18.
KLA Corp. shares KLAC, +1.79% climbed 2% after the semiconductor equipment maker raised its dividend by 11.5% and increased its stock repurchase program by $2 billion. Shares of China-based biopharmaceutical Zai Lab Ltd. ZLAB, +8.24% surged more than 8% after Seagen Inc. SGEN, -0.05% and Genmab A/S GMAB, -0.78% revealed improved survival data from a test of their treatment for cervical cancer, Tivdak. Zai Lab is collaborating with the companies on a China extension study.Manchester United PLC‘s U.S.-listed shares MANU, -20.42% plummeted nearly 20%, putting them on track for a record one-day selloff, after a Mail Online report that the U.K.
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Airbnb and Blackstone shares rise on S&P 500 inclusion, and other stocks on the moveAirbnb, Blackstone and American Express are among the stocks in the spotlight.
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S&P 500: Market Momentum Finally Turns PositiveMarket Overview Analysis by Craig Thompson covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Craig Thompson's latest article on Investing.com
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