This month, Uber Technologies will join the S&P 500, the benchmark index for U.S. stock-market managers. This is a major achievement for the San Francisco-based technology group, whose share price rose by more than 4% in response to the S&P 500.

S&P Dow Jones Indices announced on Friday evening that Uber would join the index on Monday December 18, before the opening of trading.

With a gain of 145% this year, the market capitalization of the mobility specialist has reached nearly $123 billion, not far from an all-time high.

This inclusion comes at a time when Uber Technologies has been steadily improving its profitability of late, with the group posting a net profit of $221 million for the third quarter.

The stock was up 4.4% early Monday morning on the New York Stock Exchange.

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