Finance

Elon Musk's aerospace giant, SpaceX, officially joined the Nasdaq-100 on Tuesday, triggering massive trading activity as index-tracking funds adjusted their holdings. The inclusion was preceded by a volatile Monday session where over $26 billion worth of shares changed hands in a final-seconds flurry.

Benchmark 10-year Treasury yields rose to a two-week high on Tuesday as investors prepared for the release of the Federal Open Market Committee's June meeting minutes. Traders are seeking clarity on Chair Kevin Warsh's policy direction, specifically regarding whether a resilient economy and persistent 4.2% inflation will necessitate additional interest rate hikes this year.

Crude oil futures gained ground on Tuesday following reports of fresh attacks on commercial vessels near the coast of Oman. These geopolitical incidents have reignited supply concerns, pushing Brent crude toward $72.50 per barrel and West Texas Intermediate to approximately $69 per barrel despite ongoing peace negotiations.