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SpaceX's addition to the Nasdaq 100 and a decline in Samsung shares after preliminary second-quarter results were among the market developments Jim Cramer flagged across his 10 items to watch for Tuesday's session.
Index mechanics and early earnings signals rarely share a session without moving positioning in both directions. SpaceX joins the Nasdaq 100 Index inclusion is a structural event with a mechanical consequence.
Passive funds that track the Nasdaq 100 must hold every constituent at the appropriate weight, which means they buy incoming names regardless of valuation or active conviction.
SpaceX's entry puts the company inside that automated demand flow. The Nasdaq 100 covers the 100 largest non-financial companies listed on the Nasdaq exchange and anchors a large pool of index-linked products.
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