Stock Gainers:

  • Blackstone Inc. (BX)
  • Airbnb Inc. (ABNB)

Shares of Blackstone Inc. rose by 4% while shares of Airbnb Inc. increased by 5%. This positive movement comes after S&P Dow Jones Indices announced that both companies would be included in the S&P 500. The new changes will take effect before the start of trading on September 18.

American Express (AXP) stock also saw a rise of 1% as RBC Capital Markets upgraded its view on this Dow Industrials component to outperform from sector perform. However, Synchrony Financial (SYF) and Bread Financial Holdings (BFH) faced downgrades.

Stock Losers:

  • Newell Brands Inc. (NWL)
  • Lincoln National Corp. (LNC)
  • Albemarle Corp. (ALB)

Newell Brands Inc.'s stock and Lincoln National Corp.'s stock fell after-hours on Friday following the announcement by S&P Dow Jones Indices that both companies would be removed from the S&P 500.

Additionally, Albemarle Corp. shares experienced a 1% decline after the board of Australian lithium miner Liontown Resources Ltd revealed its support for a $4.25 billion offer.

Ashtead Group Reports Strong Profit Growth in Q1 2024

Albemarle's Acquisition of Liontown Resources

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