Today: 3 July 2026
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NASDAQ:QQQM 2 June 2026 - 28 June 2026

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

Space Exploration Technologies Corp., also called SpaceX, starts the week facing a new IPO test. This time it’s about if index funds can keep up demand for a $2 trillion company, where the public float is thin and capital demands remain high. U.S. cash equities are closed for the weekend. SpaceX last changed hands at $153.23, up 13.5% from its $135 IPO but still down roughly 32% from the 52-week peak at $225.64.
QQQM’s $835 Million AI Wave Meets a Zscaler Reality Check

QQQM’s $835 Million AI Wave Meets a Zscaler Reality Check

Invesco’s Nasdaq-100 ETF QQQM edged higher Tuesday, helped by fresh inflows and gains in Nvidia, even as Zscaler slid nearly 9% and reminded investors that the AI trade is not moving in one clean line. QQQM traded at $306.54, up 0.2%, while the larger Invesco QQQ Trust rose 0.2%; Zscaler was down 8.9% at $141.90. The move matters now because investors are still putting money into concentrated growth funds even after several sharp stock-level reversals. TipRanks reported that QQQM had risen 1.09% over the past week and took in $835.44 million over five days, citing sentiment around large AI-linked holdings including Nvidia, Apple and Microsoft.

Stock Market Today

  • Johnson Matthey Wins China’s OK for Catalyst Technologies Deal With Honeywell
    July 3, 2026, 7:26 AM EDT. Johnson Matthey PLC said it got the green light from China's State Administration for Market Regulation to sell its Catalyst Technologies unit to Honeywell International Inc. The company said this clears all conditions for the sale, which should wrap up by the end of August 2026. Johnson Matthey is pushing ahead with its divestment as planned. The Honeywell deal follows earlier announcements, with the timeline unchanged. Johnson Matthey said it expects the deal to shift its portfolio in late Q3 2026.
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