Rocket Lab holds ground ahead of Nasdaq-100 debut after selloff led by SpaceX
Rocket Lab shares head into the U.S. long weekend with a small weekly rise and the next move coming as the stock joins the Nasdaq-100 ahead of Monday’s bell. That follows volatility among space stocks as SpaceX roiled the sector. The shares finished at $107.24 on Thursday, off 0.69%, with U.S. markets closed Friday for Juneteenth. The timing is key here. Rocket Lab joins the Nasdaq-100, the index for large non-financial Nasdaq companies, just before markets open on June 22. Nasdaq says more than 200 investment products track the index, totaling over $800 billion in assets under management. That puts Rocket Lab in front of plenty of passive funds, which simply track the index.