SpaceX's addition to the ​Nasdaq 100 on Tuesday is expected to unleash billions in passive buying, as brokerages kick off coverage of the $2 trillion-plus ‌rocket and satellite company with broadly bullish views.

SpaceX trading on Tuesday won’t have much to do with space or AI fundamentals. Instead, technical factors will likely rule the day. That brings potential for stock volatility. Things will likely turn out fine.

SpaceX will go into the Nasdaq-100 on Tuesday, unleashing a wave of passive buying of the stock from mutual funds and exchange-traded funds that track the index. The technology and rocket-launch company will be added to the Nasdaq-100 at the start of trading on Tuesday with a capitalization at three times its raw float of $75 billion,

Investors are looking ahead to Wednesday—when minutes from the Federal Reserve’s latest meeting will be released. They’ll also be watching for today's inclusion of SpaceX in the Nasdaq-100 index and Friday,

"Well, I think it certainly sends a symbolic message out there to everyone that puts them on notice in case they hadn't been noticing that Texas really is, a substantial place in this regard," said Ray Perryman,

The Texas Stock Exchange starts test trading as it prepares to compete with Nasdaq and the New York Stock Exchange.

The doors opened today on the nation's newest stock exchange. The Texas Stock Exchange out of Dallas is part of the state's push to challenge Wall Street's dominance.

The Texas Stock Exchange launched a phased rollout Monday in Dallas, initially opening to members including banks and trading firms.

Asian shares and U.S. futures were mixed on Monday following a long weekend on Wall Street, while selling of technology shares pulled benchmarks in Tokyo and Seoul lower. Oil prices slipped after OPEC+ announced Sunday that seven of its members plan to expand oil production by a combined total of 188,

Asian shares were mixed, while U.S. futures rose Monday following a long weekend on Wall Street, while selling of technology shares pulled benchmarks in Tokyo and Seoul lower. Oil prices slipped

European shares have advanced after a retreat in Asian markets. U.S. futures climbed ahead of Wall Street's reopening following the Independence Day holiday on Friday. Oil prices slipped after

U.S. futures mostly climbed following the Independence Day holiday and oil prices slipped after OPEC+ announced a ramp up in production. Futures for the S&P 500 rose 0.4% before the opening