Shares of Datadog (DDOG 15.12%) charged sharply higher Thursday. As of 10:53 a.m. ET, the stock was up 13.1%.The catalyst that sent the cloud monitoring, analytics, and security company soaring was the revelation that the stock will be joining the most widely followed stock market index in the U.S. An important nodIn a press release that dropped after the market closed on Wednesday, S&P Dow Jones Indices announced that Datadog would be added to the S&P 500 (^GSPC 0.84%) before the start of trading on July 9 ...

Speaking of the S&P 500, that benchmark stock index is slated to get its regular adjustment this coming Friday, June 6 after market close. With 500 titles, the company that manages it, S&P Dow Jones Indices, typically swaps out several stocks for fresh titles when making such adjustments. AppLovin is an excellent candidate for S&P 500 inclusion for the upcoming changes, at least in the eyes of Bank of America analysts. The bank issued a research report flagging several stocks it believes could be newly incl ...