Robinhood and Strategy Shares Drop After S&P 500 Exclusion

Shares of Robinhood Markets Inc (NASDAQ: HOOD) and Strategy Inc (NASDAQ: MSTR) declined after the companies were not included in the S&P 500 index.

The key points include:

S&P Dow Jones Indices announced the inclusion of Interactive Brokers Group Inc (NASDAQ: IBKR) in the S&P 500, effective Aug. 28.
Robinhood shares fell 1.26% to $107.40 during Monday's session and another 0.65% in after-hours trading.
Interactive Brokers' shares increased by 4.29% to $65.21 on Aug. 25.
Strategy shares dropped 4.17% to $341 and saw a further decline of 0.09% after hours.
Bitcoin also decreased, falling below $110,000, reaching a low of $108,000.
Strategy disclosed a purchase of 3,081 BTC for approximately $356.9 million at an average price of $115,829 per coin, raising total holdings to 632,457 BTC valued at $46.5 billion.
Strategy adjusted its 2025 performance targets, increasing its Bitcoin yield KPI goal from 25% to 30% and projecting BTC gains from $15 billion to $20 billion.