Toast, Inc. climbed more than 4% in U.S. pre-market trading after S&P Dow Jones Indices announced the restaurant-technology provider will replace TopBuild Corp. in the S&P MidCap 400, effective prior to the open on Wednesday, July 1, 2026.
Toast operates a cloud-based digital technology platform purpose-built for the food service industry, offering a suite of SaaS products alongside financial technology solutions that encompass payment processing, point-of-sale hardware, and related services.