Trade Desk Stock Pops on S&P 500 Inclusion

Shares of Trade Desk Inc (NASDAQ:TTD) are up 11.4% to trade at $84.06 this morning, after news broke that the software firm will replace Ansys (ANSS) on the S&P 500 Index (SPX) before the open this Friday, July 18. The change comes after Synopsys (SNPS) agreed to purchase Ansys for $35 billion by the end of this week.TTD began trading at five-month highs out of the gate, heading for its best daily percentage pop since May 12. The equity is still down 30% year-to-date thanks to a steep post-earnings bear gap ...