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BusinessTechnology105 words1 min read

Reddit Shares Jump After S&P 500 News

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Listen to the story

Reddit is a big website. People talk and share things on it. Reddit's stock is going up now.

The stock will join the S&P 500. This is a big list of top companies. Reddit will join on August 18.

When news came out, Reddit's shares went up fast. This is called a jump in price.

Many people want to buy Reddit stock now. This makes the price go higher.

Joining the S&P 500 is good news for a company. It shows the company is doing well.

Big investors often buy stocks that are in the S&P 500. This can help Reddit's stock price too.

Vocabulary15 words

stock
a small part of a company that people can buy
S&P 500
a list of 500 big, important companies
shares
small parts of a company that people own
jump
to go up fast and suddenly
investors
people who put money into companies to make more money
index
a list that shows how a group of stocks is doing
company
a business that sells things or services
website
a place on the internet you can visit
price
how much money something costs
news
new information about something happening
join
to become part of a group
list
names written together, one after another
top
the best or highest
buy
to give money to get something
money
what people use to buy things

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Quiz

1. What will Reddit join on August 18?
2. What happened to Reddit's stock price after the news?
3. True or False: The S&P 500 is a list of small companies.

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Fill-in-the-blank listening

Play the audio again and fill in the missing words as you listen.

Reddit is a big website. People talk and share things on it. Reddit's _____ is going up now.

The stock will join the _____. This is a big list of top companies. Reddit will join on August 18.

When news came out, Reddit's _____ went up fast. This is called a _____ in price.

Many people want to _____ Reddit stock now. This makes the _____ go higher.

Joining the S&P 500 is good news for a _____. It shows the company is doing well.

Big _____ often buy stocks that are in the S&P 500. This can help Reddit's stock price too.

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