SPCXB Falls Nearly 7% on First Day in Nasdaq-100
The post SPCXB Falls Nearly 7% on First Day in Nasdaq-100 appeared on BitcoinEthereumNews.com. SPCXB News SpaceX (SPCXB) fell nearly 7% on its first day inside the Nasdaq-100, closing at $149.47 and slipping below the psychologically important $150 mark. The 6.83% drop marked the stock’s lowest close since its June 12 market debut, undercutting expectations that index inclusion would provide immediate price support. SpaceX earned entry on just its 16th trading day after listing, an unusually fast promotion driven by relaxed inclusion thresholds. Index providers had loosened criteria to attract more large listings, and the roughly $800 billion in passive funds tracking the benchmark was widely expected to steady the shares. Instead, the debut session delivered a sharp reversal that left holders questioning the strength of the inclusion trade. Estimates for the passive money inclusion would funnel into the stock varied widely. JPMorgan modeling pegged index-driven buying near $4.3 billio