Why Index Funds Havent Boosted SpaceX

ImageAndrew here.For years, I’ve written about how many mass shooters buy their weapons legally using credit cards, and how financial institutions could flag unusual purchases if they tried.

That reporting eventually pushed the payment industry to create a dedicated merchant code for gun stores, before a backlash by several red states effectively outlawed the practice.Now, a little-noticed rule proposed by the Trump administration could change how guns are purchased in a different way.It would allow customers to be vetted for firearms and buy them online, and have the weapons delivered directly to their homes — instead of picking them up in store after an in-person check.

Critics warn the rule will make it easier for problematic buyers to bypass human scrutiny.We have more details below.

Image“Forced buying” Shares in SpaceX are falling in premarket trading, extending a weekslong slump.It comes even though Elon Musk’s rocket and artificial intelligence company is officially joining the Nasdaq 100 index of tech heavyweights on Tuesday.The milestone — achieved via a new fast-track rule — has automatically set off a buying spree by index funds.The underwhelming run so far by SpaceX as a public company is raising warning signs, Niko Gallogly reports.Becoming part of a major index is supposed to lift a company’s shares.

Its stock price often pops because index-tracking funds buy up the company’s shares.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe....