Rocket Lab Gains Nasdaq-100 Inclusion, Shares Jump: Price Action, Risk and Catalyst Details
Rocket Lab shares are in play after Nasdaq said the company will join the Nasdaq-100 Index before the open on Monday, June 22, in its regular June rebalance. The Nasdaq-100 tracks 100 of the biggest non-financial names on the exchange. Index trackers and ETFs usually buy new entrants to keep up. According to Nasdaq, products linked to the index account for over $800 billion worldwide.