Wall Street Today: GameStop could possibly return to the S&P 500 index

Futures climbed in Japan and Hong Kong, but fell in Australia. The tech-heavy Nasdaq 100 edged up to a record while the S&P 500 was little changed amid mixed data suggesting a slower labor market recovery. Google parent $Alphabet-A (GOOGL.US)$dipped in extended trading on the risk of a second antitrust lawsuit. U.S. equity contracts fluctuated.

GameStop stock's possible return to S&P 500 in hands of anonymous committee
The individual-investor darling $GameStop (GME.US)$is now three times as valuable as the smallest S&P 500 stocks, thanks to a sharp up-run in its shares in August. Some traders are betting GameStop could take another leap higher if S&P Dow Jones Indices adds the stock to the S&P 500 when it is rebalanced later this month.

Ultimately, the index committee would probably want to see GameStop prove it can maintain its market capitalization for a longer stretch of time before seriously considering the stock for inclusion in the S&P 500.

Covid test maker Cue Health files for IPO after revenue gains
Covid test maker Cue Health filed for an initial public offering, showing a sharp turn to profitability this year.

For the first six months of the year, Cue Health said its product revenue increased to $202 million, up from $15 million in 2020 -- all of it the second half of the year. It also erased its $47 million annual loss to log net income of $33 million in the first half of 2021, according to its filing with the U.S. SEC.

Robinhood plans early-deposit feature that rivals PayPal
$Robinhood (HOOD.US)$is working on a new feature that lets users receive their paychecks via direct deposit up to two days early, stepping up competition with companies like $PayPal (PYPL.US)$and Wealthfront Corp.

Robinhood shares climbed as much as 6.3% to $47.12 after Bloomberg reported on the feature.

YouTube's music services amass 50m paying subscribers
Youtube's paid music streaming services have amassed 50m subscribers, a milestone for $Alphabet-A (GOOGL.US)$as it competes with $Amazon (AMZN.US)$, $Apple (AAPL.US)$and $Spotify Technology (SPOT.US)$in the fiercely competitive market.

That is up markedly compared with the 30m subscribers that YouTube reported in October last year, and reflects growing demand for YouTube Music, which costs $10 a month, and YouTube Premium, an expanded product with extra video features that costs $12 a month.

Amazon now running 164 flights a day to deliver stock in US
$Amazon (AMZN.US)$'s presence in the skies continues to grow rapidly, according to a new report, with an average of 164 flights a day now dedicated to moving the ecommerce giant’s stock across the US.

The company's air cargo expansion, which included the opening of an 800,000 sq ft hub in Cincinnati in August, point to it positioning itself as a provider of delivery services to third parties, in competition with the likes of $United Parcel Service (UPS.US)$and $FedEx (FDX.US)$, the report suggested. There is no sign of Amazon slowing down their gearing up for expanded next-day delivery.

Apple plans blood-pressure measure, wrist thermometer in Apple Watch
$Apple (AAPL.US)$is working on new health-related features for its smartwatch, including a tool to tell users when their blood pressure is increasing and a thermometer to help with fertility planning, according to people familiar with the plans and internal company documents.

The fertility feature could be available as soon as next year, along with an upgrade to how it tracks sleep patterns, the people said and the documents show.