Uber shares rally on S&P 500 inclusion
Uber is driving into the big leagues as one of the newest incoming members of the S&P 500, the broadest measure of the U.S. stock market.
Shares hit a two-year high on Monday as inclusion is viewed by investors as a positive for companies in growth mode. Typically, fund managers who mirror the S&P need to add to their holdings of the new members. Uber shares have gained 141% this year, outpacing the S&P 500's 18%+ rise.
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