SPDR S&P 500 ETF Rises 1% as Nasdaq Hits Record High, SpaceX Inclusion Debated
SPY•The SPDR S&P 500 ETF climbed 1% as the S&P 500 gained 0.6% and Nasdaq surged 1.2% to record highs, led by Micron’s share jump after a price target hike. Proposed S&P rule changes sparked criticism as an analyst warned SpaceX’s $1.5 trillion IPO lacks index standards.
1. Market Rally Lifts SPY
The SPDR S&P 500 ETF climbed 1% on May 26 as the S&P 500 rose 0.6%, the Nasdaq jumped 1.2% to an all-time high, the Dow added 0.2% and the Russell 2000 reached a record. Strength in technology stocks was led by Micron after a price target hike and gains in Qualcomm.
2. Retail Traders Extremely Bullish
Message volumes for SPY on social platforms surged to historic highs, reflecting strong optimism among retail investors. This spike suggests potential for increased ETF inflows and underscores a shift toward equity exposure at the retail level.
3. SpaceX S&P Inclusion Debate
With SpaceX valued at $1.5–1.75 trillion ahead of its June 12 IPO, proposed S&P rule changes—such as reducing the listing period to six months and waiving float and profitability requirements—have been criticized. Market expert Jay Woods argues that SpaceX has not met traditional index criteria and warns that forced ETF buying may lack genuine conviction.
