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

ANSYS

15/07/2025 12:59

** 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

 (Reporting by Shashwat Chauhan in Bengaluru)

 ((Shashwat.Chauhan@thomsonreuters.com))