SpaceX Joins Nasdaq 100 as Chip Stocks Slide — Bloomberg Businessweek Daily (7/7/2026)

Bullish Gator

Tech selloff drags Nasdaq 100 even as SpaceX joins; NATO defense talks, Wayfair retail expansion, and Citi economist on bonds and US debt outlook.

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What stands out

Bloomberg ran a striking headline: SpaceX joins the NASDAQ 100 just as chip stocks drag the index lower. That pairing, an attention-grabbing index inclusion alongside a familiar semiconductor stumble, matters because it shows how headline flows can overwhelm steady business trends, especially for Nasdaq, Inc., which collects fees and attention every time a blockbuster company lands in its flagship index. For investors this moment is a reminder, index changes and sector swings can create short-term volatility and trading volume spikes, even when the exchange's own fundamentals keep humming along.