Re:S&P 500 rejects SpaceX, also blocking entry for OpenAI an...
by gizajob on Saturday June 06, 2026 @10:39AM
(#48425582)
That is what looked like the catalyst but seeing the response made me feel the confirmation from the S&P really was a big factor, particularly because the algorithms must all have been banking on the rapid inclusion for the AI companies which would keep the tech ship afloat at its current valuation. I don’t think the jobs report was enough either, and the market hasn’t really been reacting strongly to ideas about interest rates shifting, I’d say in the current climate them staying the same is priced in about as much as the, changing.
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