Airbnb (NASDAQ:ABNB) jumped 5.1% after hours Friday, and Blackstone (NYSE:BX) rose 4.3%, on news that the stocks would join the S&P 500.
S&P Dow Jones Indices said that as part of its quarterly rebalancing, Blackstone would be replacing Lincoln National (LNC), which will head to the SmallCap 600. Airbnb is replacing Newell Brands (NWL), also headed to the SmallCap 600. Lincoln National (LNC) fell 1.8% and Newell Brands (NWL) slipped 3%.
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