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SpaceX Is Now Cheaper Than It Was on Day One
The Wall Street Journal80d agoneutral
SpaceX Is Now Cheaper Than It Was on Day One

SpaceX shares fell 6.8% to close at $149.47, below the $150 price where shares began trading June 12, the day of the rocket maker's initial public offering. Though the stock has dipped below that threshold in intraday trading four times, Tuesday was the first time it closed below $150.

BlackRock to launch Nasdaq-100 ETF, challenging Invesco's dominance as AI rally boosts demand
Reuters80d agobullish
BlackRock to launch Nasdaq-100 ETF, challenging Invesco's dominance as AI rally boosts demand

BlackRock said on Tuesday it would launch an exchange-traded fund tracking the technology-heavy Nasdaq-100 index, as it ‌seeks to tap surging investor demand for exposure to the ‌AI-driven stock market rally. The iShares Nasdaq 100 ETF, offered by the world's largest asset ​manager, will track the flagship U.S. index and start trading under the ticker on Thursday, just months after the Nasdaq revised its criteria to accelerate the inclusion of newly listed companies such as SpaceX.

What to Know as SpaceX Joins the Nasdaq-100
The Wall Street Journal80d agoneutral
What to Know as SpaceX Joins the Nasdaq-100

SpaceX officially joins the Nasdaq-100 today, and investors holding some funds tied to the index will end up exposed, whether they like it or not. Mutual and exchange-traded funds with $800 billion in assets under management are expected to buy SpaceX shares in order to mirror the index’s performance. SpaceX will be a small component in the Nasdaq-100, for now.

Asia Stocks Drop on Chip Selloff, Nasdaq Futures Down
Bloomberg80d agobearishVIDEO
Asia Stocks Drop on Chip Selloff, Nasdaq Futures Down

Asian equities fell as renewed selling in technology stocks, including Samsung Electronics Co. and SK Hynix Inc., deepened concerns that the AI-driven rally may have run ahead of itself. Futures for the tech-heavy Nasdaq 100 Index retreated 1.1%, suggesting Monday's rebound on Wall Street was losing momentum. European shares were also set for losses. Bloomberg's Avril Hong and Mark Cranfield report.

Tech Stocks Go From Red to Green
The Wall Street Journal81d agoneutral
Tech Stocks Go From Red to Green

MARKETS PM NEWSLETTER This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here. What Happened in Markets Today Tech stocks rallied back after fizzling before the holiday.

Axon and Rocket Lab rallied while chip stocks sank
TheStreet82d agoneutral
Axon and Rocket Lab rallied while chip stocks sank

SanDisk Corp. (SNDK) closed out the holiday-shortened week as the Nasdaq’s biggest loser, ending Thursday at $1,745 a share, down 26% for the week, according to Seeking Alpha. Micron (MU), Western Digital (WDC), Seagate (STX) and Teradyne (TER) fell alongside it, each posting double-digit weekly ...