DoorDash Inc. shares were rising 7% in late trading Friday after S&P Dow Jones Indices named the company one of the newest components of the S&P 500, to take effect before the market opens on March 24.

The food-delivery company is eligible to join after recently meeting the profitability requirements. It was one of the largest candidates by market capitalization - though AppLovin Corp. (APP) and Interactive Brokers Inc. $(IBKR)$, which did not make the cut, are bigger. AppLovin's stock was down about 4% in late trading, while Interactive Brokers shares were down fractionally.

Coinbase Global Inc. $(COIN)$ is another name some were hoping might get added to the index, but it didn't get chosen this time. Shares of the cryptocurrency marketplace were off 1.8%.

Joining DoorDash $(DASH)$ in the S&P 500 SPX will be TKO Group Holdings Inc. $(TKO.UK)$, Williams-Sonoma Inc. (WSM) and Expand Energy Corp. $(EXE)$ Those stocks were up roughly 4%, 3.5% and 3%, respectively, in Friday's extended session.

The four companies are due to replace Borgwarner Inc. $(BWA)$, Teleflex Inc. $(TFX)$, Celanese Corp. $(CE)$ and FMC Corp. (FMC) in the benchmark index.