Twitter to be added to S&P 500 index, shares jump on news

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Social media platform Twitter will be added to the S&P 500 stock index before the start of trading Thursday, a move that will expand the number of individual investors who own the stock through index funds that track the large-company stock gauge.Twitter, whose shares are still trading more than 15% below where they were at the close of its first day of trading back on Nov. 7, 2013, will replace agriculture and chemicals maker Monsanto, which has been acquired by German giant Bayer, a deal that is expected to close soon.The announcement came from S&P Dow Jones Indexes after the close of trading last night. The tech company’s visibility has skyrocketed since President Trump entered the White House. He has used the digital communications platform to tweet messages on topics  from trade and the economy, to the NFL’s kneeling controversy during the national anthem without any media filters.

 

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