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Market news: Democratic state attorneys general oppose Trump's plan to impose tariffs of up to 12.5% on goods imported from 60 countries.

2026-07-07

Market news: Democratic state attorneys general oppose Trump's plan to impose tariffs of up to 12.5% on goods imported from 60 countries.

Other News
2026-07-07

Options trading has risen to roughly 2.5x normal volumes as investors price two-way volatility around SpaceX following its Nasdaq-100 inclusion. Analysts say the larger index demand driver is likely the S&P 500 rather than the Nasdaq-100, but S&P inc

Options trading has risen to roughly 2.5x normal volumes as investors price two-way volatility around SpaceX following its Nasdaq-100 inclusion. Analysts say the larger index demand driver is likely the S&P 500 rather than the Nasdaq-100, but S&P inclusion is expected to be delayed at least a year because of earnings screening and the 12‑month listing rule. JEFFERIES analyst Jane Gibbons warns SpaceX’s low free float will curb the price impact of any index inclusion and limit its prospective index weight. Lock-up expiries over coming weeks and months could supply selling pressure that offsets index buying: some restrictions lift in tranches 70–135 days after the June 12 IPO, while CEO Elon Musk and other large holders remain locked for 366 days post‑IPO. Susquehanna calls this a short‑term overhang. Cboe’s Keenan says recent options activity reflects hedging of downside risk and speculative rebalancing ahead of index trades.
2026-07-06

China's tungsten ore index fell nearly 7% today. Several listed tungsten producers said tungsten concentrate prices have edged down modestly since last week after peaking at 1.08 mln yuan/tonne in March 2026. Prices retreated from March, stabilized i

China's tungsten ore index fell nearly 7% today. Several listed tungsten producers said tungsten concentrate prices have edged down modestly since last week after peaking at 1.08 mln yuan/tonne in March 2026. Prices retreated from March, stabilized in June, and resumed a pullback last week. Firms said the March rally was mainly supply-driven; downstream buyers tend to buy on rallies and have become cautious as prices fall, but overall demand has not changed materially. Companies with full-chain exposure said the price decline is unlikely to directly affect Q2 earnings, with any impact likely to show up with about a one-quarter lag.
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