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📉 US100 drops as Tesla fails to get included in S&P 500 🔽

7:15 AM 7 September 2020

US100 started a new week lower after S&P Dow Jones Indices announced rebalancing to major Wall Street benchmarks. In spite of meeting all requirements, Tesla was omitted and will not be added to S&P 500 index after Wall Street closes on Friday, September 18. Announcement caused Tesla stock to drop around 5% in after-hours trading on Friday and is dragging tech index lower at the start of a new week.

Keep in mind that the US stock market will be closed today in observance of Labour Day. US futures will close earlier at 6:00 pm BST.

US100 launched the week with a 150 points bearish price gap. The index is testing floor at 11,400 pts at press time. Source: xStation5

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