Uber's inclusion in the S&P 500 signals a promising comeback for the ride-hailing giant.

Uber's stock is set to join the S&P 500 index later this month, indicating a turnaround for the ride-hailing and delivery company. Inclusion in the S&P 500 can boost a stock's price as it attracts more demand from funds mirroring the index. Uber's stock has seen a strong rally this year, recovering from the pandemic-induced slump. The company's ride-hailing service has gradually bounced back, handling more rides than in 2019, while its food-delivery division has become a major revenue driver. Uber's profitability and exceeding guidance have contributed to its inclusion in the S&P 500.