News

On March 30, Nasdaq announced that it will implement adjustments to the Nasdaq-100 Index compilation rules starting May 1. The new 'fast track' rules are widely seen as paving the way for the listing of super unicorn companies such as SpaceX, OpenAI, and Anthropic.

Golden Ten Data Futures News on March 30, according to foreign media reports, the Baltic Dry Index declined on Monday after rising for two consecutive trading days, due to a drop in freight rates for Capesize, Panamax, and Supramax vessels. The Baltic Dry Index fell by 14 points or 0.7% from the previous trading day, to 2,017 points. The Capesize Index fell by 28 points, or approximately 0.9%, closing at 3,004 points. Last Friday, this index climbed to its highest level in over three weeks. The average daily earnings for Capesize vessels dropped by $249 to $23,745. The Panamax Index dropped by 14 points, a 0.8% decline, reaching 1,742 points, close to a seven-week low. The average daily earnings for Panamax vessels fell by $118 to $15,682. The Supramax Index dropped by 3 points, a decrease of 0.3%, to 1,203 points.

On the news front, Sysco, the largest food distributor in the United States serving restaurants, hospitals, and schools, has reached an agreement to acquire the family-owned business Jetro Restaurant Depot for about $29 billion (including debt). According to the acquisition terms announced on Monday, Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. The two companies stated that the total transaction value, including debt, is $29.1 billion, which is more than 14 times Restaurant Depot's operating revenue.