Today: 29 June 2026

Shan Ahmed Khan

Shan Ahmed Khan is a senior markets reporter at TS2.tech, specializing in stocks, technology and macroeconomic trends. A graduate of the Lahore University of Management Sciences (LUMS), he previously worked in investment research and market analysis. His coverage helps readers understand the key developments influencing global financial markets and emerging industries.

SpaceX stock eyes $8 billion index hurdle as shares stumble in first week after IPO

SpaceX stock eyes $8 billion index hurdle as shares stumble in first week after IPO

SpaceX closed at $153.23, up 13.5% from its $135 IPO, as index funds prepare to buy over $8 billion of shares—about 8% of the listed float—due to forced inclusion in the Russell and Nasdaq-100, making index mechanics, not fundamentals, the key near-term driver for this $2 trillion stock with limited public float and heavy capital needs. (Reuters)
28 June 2026
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Eaton (NYSE:ETN) resets as $13 billion loss hits targets

Eaton (NYSE:ETN) resets as $13 billion loss hits targets

Eaton (NYSE:ETN) plunged 7.6% in five sessions—wiping out $13.2 billion in equity value and closing 7.8% below its June 22 high—on heavy volume, as investors weighed its premium valuation at 30 times 2026 EPS estimates and awaited the next earnings report amid strong data-center order growth and a major mobility unit spinoff.
27 June 2026
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Tech fund outflows hit US stocks after hours as AI trade momentum cools

Tech fund outflows hit US stocks after hours as AI trade momentum cools

Tech sector funds saw nearly $20 billion in weekly outflows, reversing last week’s record inflow, as the Nasdaq 100 slid 1.09% and chip stocks tumbled, with the PHLX semiconductor index down over 4% for its biggest weekly drop since March, raising fresh concerns for investors in large tech and chip names.
26 June 2026
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Stock Market Today

  • ASX Rises as Tech Leads Gains Amid US-Iran Ceasefire Uncertainty
    June 29, 2026, 5:02 AM EDT. The ASX 200 climbed 0.68% to 8823.4, led by strong gains in technology, healthcare, telcos, and consumer discretionary sectors. Despite US-Iran tensions, markets remain buoyant as both sides engage in an 'awkward ceasefire dance' without escalating to a full blockade. Oil prices edged up after Brent crude briefly hit pre-war lows last week. Energy stocks like Woodside (+1.2%) and Karoon Energy (+9.1%) benefited from operational updates and share buybacks. Gold showed resilience, bouncing back from a seven-month low amid Middle East volatility. Notably, Neuren Pharmaceuticals soared 36.1% on EU approval of a novel Rett syndrome treatment, while CSL faced setbacks from regulatory challenges in Europe.

Latest articles

Apple shares hold steady as buyback talk meets AI chip strain

Apple shares hold steady as buyback talk meets AI chip strain

29 June 2026
Apple surged 3.14% Friday with trading volume at 506% of its 65-day average as investors weigh a $100 billion buyback—potentially reducing shares by 2.4%—against soaring memory costs and Apple’s push for U.S. approval to buy DRAM from blacklisted CXMT, raising policy risks as device price hikes hit Macs and iPads.
Tanker exits from Hormuz exceed return flows, oil traders watch mini-glut build

Tanker exits from Hormuz exceed return flows, oil traders watch mini-glut build

29 June 2026
Brent rose 0.6% to $72.44 as U.S.-Iran strikes slowed Hormuz shipping, but tanker data signals a glut risk: for every four tankers leaving the Gulf, only one returns, threatening uneven supply and possible output cuts even as exports cap spot prices; futures curve flipped to contango, highlighting near-term oversupply concerns.
SpaceX (NASDAQ:SPCX) launch puts Sirius XM Holdings (NASDAQ:SIRI) cash flow to the test

SpaceX (NASDAQ:SPCX) launch puts Sirius XM Holdings (NASDAQ:SIRI) cash flow to the test

29 June 2026
SpaceX (SPCX) successfully launched SiriusXM’s (SIRI) SXM-11 satellite to replace aging XM-5, cutting launch risk but shifting investor focus to how quickly SXM-11 enters service; SIRI last traded at $28.35 and SPCX at $153.23, with SXM-10’s 74-day commissioning gap now the key benchmark for SIRI’s satellite fleet refresh and cash flow outlook.
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