Movers & Shakers: Airbnb and Blackstone shares rise on S&P 500 inclusion, and other stocks on the move

by | Sep 5, 2023 | Stock Market

Here are some of the most notable stock moves ahead of Tuesday’s open. Stock gainers: Shares of Blackstone Inc.
rose 4%, while shares of Airbnb Inc.
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.

American Express
stock rose 1%, as RBC Capital Markets upgraded its view on the Dow industrials component to outperform from sector perform, while downgrading Synchrony Financial
and Bread Financial Holdings
Stock losers: Newell Brands Inc.‘s stock
and Lincoln National Corp.‘s stock
fell after-hours on Friday after S&P Dow Jones Indices said that those names would be getting the boot from the S&P 500. Albemarle Corp. shares
fell 1% after the board of Australian lithium miner Liontown Resources Ltd
said it plans to support a $4.25 billion offer.

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