{"id":63829,"date":"2026-06-26T20:38:13","date_gmt":"2026-06-27T00:38:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-to-join-nasdaq-100-as-middle-east-tensions-and-housing-costs-rise\/63829\/"},"modified":"2026-06-26T20:38:13","modified_gmt":"2026-06-27T00:38:13","slug":"spacex-to-join-nasdaq-100-as-middle-east-tensions-and-housing-costs-rise","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/spacex-to-join-nasdaq-100-as-middle-east-tensions-and-housing-costs-rise\/63829\/","title":{"rendered":"SpaceX to Join Nasdaq-100 as Middle East Tensions and Housing Costs Rise"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>)<\/strong> will be added to the <strong>Nasdaq-100 Index (<a href=\"\/stock\/NDX\">NDX<\/a>)<\/strong> effective <strong>July 7, 2026<\/strong>, following its record-breaking <strong>$75 billion IPO<\/strong> on June 12.<\/li>\n<li>The <strong>U.S. housing market<\/strong> hit a one-year high in monthly payments, with the median cost reaching <strong>$2,647<\/strong> due to record home prices and <strong>6.5% mortgage rates<\/strong>.<\/li>\n<li><strong>Iran\u2019s Revolutionary Guard (IRGC)<\/strong> launched retaliatory strikes on <strong>U.S. military positions<\/strong> in the Middle East following American attacks on Iranian drone and missile sites.<\/li>\n<li><strong>Israel and Lebanon<\/strong> signed a historic <strong>trilateral framework agreement<\/strong> brokered by the U.S., aimed at dismantling Hezbollah&#39;s infrastructure and restoring Lebanese sovereignty.<\/li>\n<li>Passive index funds are expected to purchase over <strong>$4 billion<\/strong> in SpaceX shares by early July to match new index weightings.<\/li>\n<\/ul>\n<h2>SpaceX Joins Nasdaq-100 Following Historic IPO<\/h2>\n<p>Nasdaq announced that <strong>Space Exploration Technologies Corp. (<a href=\"\/stock\/SPCX\">SPCX<\/a>)<\/strong> will join the <strong>Nasdaq-100 Index (<a href=\"\/stock\/NDX\">NDX<\/a>)<\/strong> prior to the market open on <strong>July 7, 2026<\/strong>. This move comes just weeks after the company\u2019s <strong>$75 billion<\/strong> initial public offering, which valued the aerospace giant at approximately <strong>$1.77 trillion<\/strong>.<\/p>\n<p>Index-tracking funds, such as the <strong>Invesco QQQ Trust (<a href=\"\/stock\/QQQ\">QQQ<\/a>)<\/strong>, are expected to begin large-scale share purchases after the market closes on <strong>July 6<\/strong>. Analysts estimate that the inclusion will trigger roughly <strong>$4.3 billion<\/strong> in passive inflows, despite SpaceX entering the index with a weighting of less than <strong>1%<\/strong> due to its limited public float.<\/p>\n<h2>Housing Costs Hit One-Year High Amid Supply Crunch<\/h2>\n<p>The median U.S. monthly housing payment climbed to <strong>$2,647<\/strong> during the four weeks ended June 14, according to new data from <strong>Redfin (<a href=\"\/stock\/RDFN\">RDFN<\/a>)<\/strong>. This figure represents the highest level in a year, driven by a combination of record-high home prices and mortgage rates that remain stubbornly above <strong>6.5%<\/strong>.<\/p>\n<p>While the median sale price rose <strong>2.3% year-over-year<\/strong> to a record <strong>$403,889<\/strong>, demand is showing signs of cooling. Pending home sales fell <strong>0.6% week-over-week<\/strong>, marking the fifth consecutive week of declines as high costs and regional economic uncertainty price out potential buyers.<\/p>\n<h2>Middle East Tensions Escalate Despite Diplomatic Breakthrough<\/h2>\n<p><strong>Iran\u2019s Islamic Revolutionary Guard Corps (IRGC)<\/strong> confirmed it struck several <strong>U.S. military positions<\/strong> in the region early Saturday. The IRGC stated the move was direct retaliation for recent U.S. airstrikes on Iranian missile and drone storage sites along the <strong>Strait of Hormuz<\/strong>.<\/p>\n<p>Simultaneously, U.S. Secretary of State <strong>Marco Rubio<\/strong> announced a landmark <strong>trilateral framework agreement<\/strong> between the U.S., <strong>Israel<\/strong>, and <strong>Lebanon<\/strong>. The performance-based accord establishes a process to disarm <strong>Hezbollah<\/strong> and create &quot;pilot zones&quot; where the <strong>Lebanese Armed Forces<\/strong> will take exclusive control, though regional stability remains fragile following the latest military exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SpaceX (SPCX) will be added to the Nasdaq-100 Index (NDX) effective July 7, 2026, following its record-breaking $75 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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