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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
S&P Dow Jones Indices decided to maintain its current eligibility rules, blocking SpaceX from early inclusion in the S&P 500 and delaying an estimated $13.4 billion in passive inflows. Following the decision, investors reportedly took profits in tech stocks to prepare for the anticipated SpaceX IPO. While S&P rejected rule changes, Nasdaq Inc. updated its own requirements to allow companies to enter the Nasdaq 100 in as little as 15 trading days.