Check out the corporations making headlines earlier than the bell: Robinhood , AppLovin — The inventory buying and selling app and promoting expertise firm each surged 8% after S & P Global mentioned the two will be a part of the S & P 500 index , efficient earlier than buying and selling opens Sept. 22. Passive index funds should purchase shares of corporations added to benchmark indexes to be able to mirror their efficiency. Robinhood will change Caesars Entertainment , whereas AppLovin replaces MarketAxess Holdings . Nutanix , TransUnion — Cloud software program inventory Nutanix climbed 3% after S & P Global added it to the S & P MidCap 400 index, changing Acadia Healthcare in the S & P MidCap 400. Consumer credit score reporting company TransUnion gained 2% after being added to the MidCap 400 to exchange ManpowerGroup . Summit Therapeutics — The biopharmaceutical firm plunged 21% after outcomes from a section 3 trial confirmed Summit’s lung most cancers drug, ivonescimab, resulted in fewer enhancements in European and North American sufferers in comparison with their Chinese counterparts. Gold miners — Gold miners rose after the Financial Times reported that Tether, the world’s largest stablecoin firm, held talks to spend money on gold mining. The FT mentioned Tether is eyeing investing in the total gold provide chain, citing 4 individuals aware of current talks. Harmony Gold Mining added 5%, Hecla Mining and Gold Fields climbed 4%, AngloGold Ashanti rose 3% and Coeur Mining superior 2%. Tesla — The electrical automobile maker edged up 1% in the wake of CEO Elon Musk’s new proposed pay package deal . The new pay plan, value about $975 billion, would award Musk greater than 423 million further shares. Canada Goose — The winter coat producer popped 4% after TD Cowen upgraded its funding opinion to purchase. As catalysts, analyst Oliver Chen cited the model’s transfer to year-round life-style outerwear product alongside current modernization efforts to domesticate a extra “culturally relevant creative vision.” Chewy — The pet provides e-commerce retailer moved up 3% following an improve to outperform from impartial at Mizuho. The financial institution anticipates robust outcomes and raised steering when Chewy experiences monetary outcomes on Wednesday. EchoStar — Shares of the telecommunications firm surged almost 23% after it agreed to promote spectrum licenses to SpaceX for about $17 billion, or as much as $8.5 billion in money and as much as $8.5 billion in inventory. Fellow telecommunications shares fell on the information, with T-Mobile , AT & T and Verizon shedding 4%. AST HouseMobile slumped 13%. Veeva Systems — Shares of the cloud options inventory added 2% after JPMorgan upgraded its ranking to chubby from impartial. JPMorgan mentioned it’s optimistic on Veeva’s potential to win market share in the life sciences sector. Alibaba — The Chinese e-commerce firm climbed 4% after main a $100 million funding spherical for Chinese humanoid startup X Square Robot . X Square Chief Operating Officer Yang Qian informed CNBC the deal brings Alibaba’s complete funding in X Square to about 2 billion yuan, or $280 million. — CNBC’s Sean Conlon, Michelle Fox and Alex Harring contributed reporting.