Robinhood Markets Plunges 5.06% as S&P 500 Snub Hits

On June 9, 2025, Robinhood Markets experienced a 5.06% drop in pre-market trading, reflecting investor sentiment and market dynamics.

S&P Dow Jones Indices decided not to make any quarterly changes to the S&P 500 index on Friday, which was the rebalance announcement date for the second quarter. This decision did not include Robinhood Markets, which had been widely anticipated to join the benchmark index.

Robinhood Markets' stock was falling in after-hours trading on Friday, following the announcement by S&P Dow Jones Indices that there would be no changes to the S&P 500 lineup for the second quarter. This news likely contributed to the decline in Robinhood's stock price, as investors had been hoping for inclusion in the index.