S&P 500 component stocks reshuffle: Coinbase (COIN.US) and Applovin (APP.US) were not selected, causing their pre-market stock prices to plummet.

Due to not being selected for the latest S&P 500 index adjustment list, the pre-market stock price of Coinbase (COIN.US) fell by 5%. Similarly, Applovin (APP.US), which was also not selected for the S&P 500 adjustment list, fell by 6.3% in pre-market trading, despite previously being considered a hot candidate. According to an announcement from S&P Dow Jones Indices, DoorDash (DASH.US), TKO (TKO.US), Williams-Sonoma (WSM.US), and Expand Energy (EXE.US) have been added as new components to the S&P 500. Barclays report indicates that, in addition to the above selected companies, Interactive Brokers, Coinbase Global, Ares Management, Robinhood Markets, LPL Financial, Blue Owl Capital, and Tradeweb Markets are all viewed as potential candidates for the S&P 500 index. Along with the general decline in concept stocks related to cryptocurrencies, Bitcoin also fell by 2.3% to $83,700. This decline comes as investors become more risk-averse - Trump, in an interview with Fox News, did not deny the possibility of an economic recession. The market volatility caused by this index adjustment highlights investors' high sensitivity to changes in index component stocks.