EOS and these ASX shares are joining the ASX 200 index this month

Lunch Wrap: Rate fears hit miners as defence tech muscles into the ASX 200

Wall Street shakes off rate fears Materials slump drags the ASX lower Defence and miners muscle into the ASX 200   The S&P/ASX 200 got whacked early on Tuesday, tumbling as much as 1.5% before trimming losses to 0.29% by lunchtime. Investors were rattled by a surprisingly strong US jobs report on Friday that reignited fears that interest rates may stay higher for longer. Wall Street spent Friday panicking about rate hikes, then spent Monday buyi…

EOS and these ASX shares are joining the ASX 200 index this month

At the end of last week, S&P Dow Jones Indices announced its quarterly rebalance of the S&P/ASX Indices. This will see five ASX shares kicked out of the S&P/ASX 200 Index (ASX: XJO) prior to the open of trading on 22 June. You can read about those shares here. Replacing them in the benchmark index are the five ASX shares named below. Here's what you need to know: Electro Optic Systems Holdings Ltd (ASX: EOS) Defence and space company Electro Op…