A significant development in the business world is set to take place next week. Online forum Reddit will be added to the S&P 500 index, which is a widely followed measure of the US stock market's health. This inclusion is considered a notable achievement for companies, indicating stability and consistent profitability.

The addition of Reddit to the index is expected to bring a boost in prestige and investments to the company. As a result, Reddit's stock saw a surge on Friday. The S&P 500 index tracks the biggest US stocks and has a significant impact on investments, including mutual funds and exchange-traded funds.

Further details on this development can be found through KXXV (ABC 25) News, which reported on Reddit's upcoming inclusion in the S&P 500 index.