Stock Market Today, June 30: QXO Falls After TopBuild Merger-Election Results Show Most Shareholders Opt for Cash

Published June 30, 2026 · Category: Finance

Overview

QXO (NYSE:QXO), a roofing and building products distributor, closed at $17.28, down 3.03%. Merger-election results for TopBuild showed most shareholders choosing cash, and investors are watching the expected July 1 close.
Trading volume reached 87.3 million shares, more than five times the three-month average of 16.3 million shares. QXO IPO'd in 2012 and has fallen 28% since going public.

The S&P 500 (SNPINDEX:^GSPC) rose 0.79% to 7,499, while the Nasdaq Composite (NASDAQINDEX:^IXIC) gained 1.52% to 26,214. Among building-products distribution and roofing, waterproofing and complementary construction materials peers, Builders FirstSource (NYSE:BLDR) fell 1.16% to $89.46.

Details

Entrepreneur Brad Jacobs founded QXO to unify the $800 billion building products distribution sector while utilizing technology to boost efficiency. Jacobs also established other successful ventures, such as XPO Logistics (NYSE:XPO) , a transportation and logistics firm, and United Rentals (NYSE:URI), an equipment rental company.

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Source

Originally published at www.fool.com.

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