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Trade Desk jumps after co to replace Ansys in the S&P 500

ReutersJul 15, 2025 11:59 AM

Shares of ad-tech firm Trade Desk TTD.O jump 13.9% to $85.9 premarket

Stock on track to open at highest level in over five months, if gains hold

TTD will replace engineering design firm Ansys ANSS.O in the S&P 500 .SPX, effective before markets open on Friday, July 18

China's market regulator on Monday conditionally approved U.S. chip design software provider Synopsys' SNPS.O acquisition of ANSS

Synopsys said on Monday that the companies now expect to close the transaction on or around July 17

Stephens analyst Melissa Roberts estimates passive funds that track the S&P 500 will need to buy nearly 76 mln TTD shares, implying about nine days of buying demand

As of Monday's close, TTD down more than 35% YTD, compared with a 8.7% rise in the Nasdaq 100 .NDX index

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