In this Jan. 13, 2013 file photo, director David Fincher arrives on the red carpet for the Netflix UK Premiere of 'House of Cards' at a Leicester Square cinema in London. (Photo by Joel Ryan/Invision/AP, File)
NEW YORK (AP) --
Ben Affleck and David Fincher are reteaming for a remake of Alfred Hitchcock's "Strangers on a Train."
On the heels of their box-office hit "Gone Girl," the star and the director will reunite for a film based on the 1951 classic in which two strangers meet on a train and conspire to carry out murders for one another. "Gone Girl" scribe Gillian Flynn is expected to write the screenplay, which originally came from Patricia Highsmith's novel.
Fincher's thriller is to move the initial meeting to a plane. Affleck will play the Farley Granger tennis star of the original, only he'll now be a Hollywood star in the midst of an Oscar campaign. "Gone Girl," itself in the Oscar mix, has made $365 million worldwide.
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Reddit Inc. logos are displayed on the New York Stock Exchange trading floor, prior to the company's IPO, Thursday, March. 21, 2024. (AP Photo/Yuki Iwamura, File)
Reddit will join the S&P 500 next week, giving the wide-ranging online forum a boost in prestige and investments.
Joining the S&P 500 is considered an achievement for a company because the index is a widely followed measure of the broader U.S. stock market's health. A company is selected for the index based on several criteria that demonstrate stability, including market size and consistent profitability.
Reddit's stock surged nearly 14% around midday Friday.
Aside from status, inclusion means more investments. The index tracks 500 of the biggest U.S. stocks, and trillions of dollars in investments benchmark themselves against it. Those investments include mutual funds and exchange-traded funds. Essentially, those funds will have to buy the stock once it becomes part of the index that the fund is tracking or mimicking.
Investors are depending more than ever on funds that simply mimic indexes such as the S&P 500. It's a lower-cost way to invest, allowing savers to keep more of their investments. Partly because of that, such index funds have usually proven to be better performers than funds that try to pick and choose individual stocks.
Reddit will join the benchmark index as of Tuesday. A stock must trade publicly for at least 12 months to join the S&P 500. The operator of the index, S&P Dow Jones Indices, stuck to that guideline recently when it declined to fast-track SpaceX into the index after the space exploration company's massive initial public offering in June.
Reddit's inclusion comes weeks after it posted strong financial results for the second quarter. That included its highest-ever quarterly revenue. The company has been posting profits almost every quarter since it went public in... Read More
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