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It’s time for Yahoo Finance’s Market Minute. Stocks moving higher as investors set their sights on inflation data later this week. Markets keeping a close eye on the chances of a jumbo interest rate cut in September from the Fed. And turn to the S&P 500, three stocks set to join the index before the markets open on September 22nd. Robinhood, AppLovin, and Emcor all to be included in the S&P 500, taking the place of MarketAxess Holdings, Caesars Entertainment and Enphase Energy. Shares of Robinhood and AppLovin shares are surging ahead of this quarterly rebalancing. And Broadcom shares, they’re gaining after reaching highs during the trading session on Friday. Move higher comes after the company unveiled a $10 billion AI chip order from a new customer. The Wall Street Journal reporting that new customer is OpenAI. And lastly, Wells Fargo initiating coverage on Duolingo with an underweight rating and a $239 price target. The firm noting that it expects concerns over user growth to linger. And that’s your Yahoo Finance Market Minute. Scan the QR code below to track the best and worst performing stocks of the session.
