SpaceX joins Nasdaq-100. Why stock dropped.
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According to a Reuters report, JPMorgan analysts expect the inclusion to trigger inflows of up to $4.3 billion into SpaceX shares.
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U.S. stocks closed lower as chipmakers led declines amid growing doubts over the sustainability of the AI-driven rally. Losses in Micron and other semiconductor firms, despite strong Samsung results,
Stock index futures were mixed before the opening bell on Tuesday, with Nasdaq futures plunging as investors reassessed AI valuations. Dow Jones Industrial Average futures (INDU) rose +0.11%, while S&P 500 futures (SPX) slipped -0.
SpaceX will join the Nasdaq-100 on Tuesday, creating automatic demand from ETFs and mutual funds tied to the index, including QQQ.
Daily options flows still lean heavily bullish almost a month into trading and one day ahead of the stock's accelerated inclusion into the Nasdaq 100, the index behind the roughly $500-billion Invesco QQQ fund,
It was a failure to launch for SpaceX shares on their first day in the Nasdaq-100. Amid a broad decline in tech stocks, the rocket maker’s shares dropped 6.8% to $149.47—above their IPO price of $135,
