Reddit Shares Jump After S&P 500 News
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
Quiz
Answer key
1. The S&P 500 index 2. It went up fast 3. False
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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