SpaceX to Join Nasdaq-100 Index on July 7
SpaceX is set to join the Nasdaq-100 index on July 7, a move that will impact investors in funds like QQQ and QQQM. The inclusion of the aerospace company is expected to add to the volatility of the index.
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The Nasdaq-100 has been far more volatile than the S&P 500. Now add SpaceX to the mix.
While SpaceX is due to join the Nasdaq-100 on Tuesday, it won’t become part of the S&P 500 for at least another year — likely furthering the volatility spread between those two indexes.
By Christine Idzelis
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