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Space Exploration Technologies (SpaceX)

Space Exploration Technologies (SpaceX)

$SPCX
Aerospace

142 stories mentioning Space Exploration Technologies (SpaceX)Updated 1d ago

SpaceX completed a record IPO, allocating about $600 million in shares to European retail investors, while KeyBanc called the related space-sector sell-off unwarranted.

Japan

Update: US Equity Indexes Jump Following Weekend Agreement to End Iran War

(Updates with index moves and geopolitical developments from the first paragraph.)US equity indexes rose after the US and Iran reached a framework agreement to end the war in the Middle East, setting the stage for a reopening of the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.The Nasdaq Composite jumped 3% to 26,660.1, the S&P 500 jumped 1.9% to 7,574.4, and the Dow Jones Industrial Average advanced 1.4% to 51,921.7.Energy and consumer staples were among the decliners, while technology, communication services, and consumer discretionary led the gainers.Iran's Supreme National Security Council confirmed on Sunday that a memorandum of understanding had been reached, with military operations on all fronts set to cease immediately. No text of the MoU has been released, and the duo has offered conflicting accounts of what will follow a signing ceremony in Switzerland on Friday, CNN reported.The peace deal will end the US blockade of Iranian ports and reopen the Strait of Hormuz, according to multiple media reports. Iran's Foreign Ministry spokesman, Esmail Baghaei, said the ceasefire in Lebanon - one of Iran's preconditions for a negotiated settlement - has been observed in the memorandum of understanding, Al Jazeera reported.Crude oil futures slumped. Front-month global benchmark North Sea Brent slumped 5.5% to $80.22 per barrel, and US West Texas Intermediate sank 5.1% to $82.88 per barrel.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$CVX$NVDA$SHEL$SPCX$XOM
Wire

Top Midday Stories: Fox to Acquire Roku for $22 Billion; Truist Names Former Fiserv CEO Lyons as New CEO

All three major US stock indexes were up in late-morning trading Monday, after President Donald Trump said on Sunday that a deal has been signed to end the war between the US and Iran.In company news, Fox (FOX) said Monday it has agreed to acquire Roku (ROKU) in a cash-and-stock deal valued at $22 billion. Under the terms of the deal, Fox will pay $160 per share for Roku, comprised of $96 in cash and 0.9693 shares of Fox stock, the company said. The transaction is expected to close in H1 2027, subject to shareholder and regulatory approvals, but both boards have unanimously approved the deal, Fox said. Shares of Fox were down 15.5% around midday, while Roku shares were down 1.0%.Truist Financial (TFC) on Monday named Michael P. Lyons as its next president and chief executive officer, starting Sept. 1. Lyons, who most recently served as CEO of Fiserv (FISV), will succeed Bill Rogers at Truist. Rogers will become executive chair on Lyons' start date, Truist said. Truist shares were down 3.6%, while Fiserv shares were down 8.1%.SpaceX (SPCX) revenue could surpass $1 trillion by 2031, Chief Executive Elon Musk said Sunday on X, days after the company's noteworthy debut on the Nasdaq Composite. SpaceX shares were up 7.5%.Nvidia (NVDA) is looking to raise at least $20 billion from its first corporate bond sale since 2021, Bloomberg reported Monday, citing people with direct knowledge of the matter. The company is marketing bonds in seven tranches with maturities ranging from two to 30 years, the report said, citing a person with knowledge of the matter. price talk is for a spread of about 0.9 percentage points above Treasuries for the longest tenor, the report said, citing one of the people. Nvidia shares were up 2.8%.Amazon (AMZN) CEO Andy Jassy raised concerns to the Trump administration about security risks that Anthropic's most advanced models pose before the president imposed export restrictions on those models, The Information reported Saturday, citing two people familiar with the conversations. Separately, the request by Amazon's Whole Foods for a review of the January 2025 vote by workers at a Philadelphia store location to unionize was denied Monday by the US National Labor Relations Board. Amazon shares were up 3.2%.Payoneer Global (PAYO) and Nuvei said Monday they have entered into a definitive agreement under which Nuvei will acquire Payoneer for $7.40 per share in cash, representing a total deal equity value of about $2.75 billion. The transaction, which has been approved by the boards of both companies, is expected to close in mid-2027, the companies said. Payoneer shares were up 4.1%.Price: $50.25, Change: $-8.67, Percent Change: -14.71%

$AMZN$FOX$NVDA$PAYO$ROKU$SPCX$TFC
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid US-Iran Ceasefire

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 1.3%, and the actively traded Invesco QQQ Trust (QQQ) advanced 2.1% in Monday's premarket activity, as the US and Iran said they have agreed to a ceasefire.US stock futures were also higher, with S&P 500 Index futures up 1.3%, Dow Jones Industrial Average futures advancing 0.9%, and Nasdaq futures gaining 2.1% before the start of regular trading.The New York Federal Reserve's Empire State manufacturing index fell to 5.7 in June from 19.6 in May, compared with a smaller expected decrease to a reading of 13.5 in a survey compiled by Bloomberg.The industrial production report for May will be released at 9:15 am ET, followed by the housing market index for June at 10 am ET.In premarket action, bitcoin was up by 3.7%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 4.2% higher, Ether ETF (EETH) advanced 5.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 1.4%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.2%, while the Vanguard Industrials Index Fund (VIS) rose 1.7% and the iShares US Industrials ETF (IYJ) was 0.1% higher.SpaceX (SPCX) rose more than 6% before market open after the Elon Musk-led company finished its trading debut on Friday with a 19% rise.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained by 2.8%, and the iShares US Technology ETF (IYW) was 2.9% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 3.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) rose 4%, while the iShares Semiconductor ETF (SOXX) increased by 4.2%.Tower Semiconductor (TSEM) shares were up more than 6% in premarket activity after the company entered into a multi-year agreement with IQE for the supply of indium phosphide epiwafers used in optical connectivity offerings for data center infrastructure.EnergyThe iShares US Energy ETF (IYE) was down 2% while the State Street Energy Select Sector SPDR ETF (XLE) was down by 2.8%.Equinor ASA (EQNR) stock was down more than 5% before the opening bell after the company said it is advancing a fourth phase of development at the Johan Sverdrup field in the North Sea after new appraisal wells confirmed additional recoverable oil volumes in the area.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) was up 0.8%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 1.1% higher.Zymeworks (ZYME) was up more than 2% premarket a day after the biotechnology company said its drug to treat certain reproductive tract cancers has shown promise in early testing.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2% lower.Deutsche Bank (DB) shares were up more than 3% pre-bell as media outlets reported that JPMorgan Chase (JPM) and Deutsche Bank will participate in Singapore's planned gold-clearing system. JPMorgan stock was 0.8% higher.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 1%. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained by 1.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) increased by 1.1%.Tesla (TSLA) shares were up more than 1.6% pre-bell after closing Friday with a 1.8% rise. News agency Reuters claimed Monday that the electric vehicle maker relied on misleading data when it made representations to European regulators about enhanced safety from its self-driving vehicles.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 5.4% to $80.29 per barrel on the New York Mercantile Exchange. Natural gas retreated by 1.4% at $3.08 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 4.6%, while the United States Natural Gas Fund (UNG) was 1.4% lower.Gold futures for July advanced by 2.6% to $4,347.00 an ounce on the Comex. Silver futures rose by 4.1% to $70.75 an ounce. SPDR Gold Shares (GLD) was up by 3.1%, and the iShares Silver Trust (SLV) rose by 4.8%.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$DB$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$JPM$PMR$QQQ$RTH$SLV$SOXX$SPCX$SPY$TSEM$TSLA$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD$ZYME
Asia Markets

Update: US-Iran Peace Deal Announcement Lifts US Equity Futures Pre-Bell

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Monday as the US and Iran finally reached a long-awaited agreement to end the war, with President Donald Trump saying the Strait of Hormuz would reopen on Friday.Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were up 1.2%, and Nasdaq futures were 2.1% higher.Iran's Supreme National Security Council had confirmed on Sunday that a memorandum of understanding had been finalized, with military operations on all fronts set to cease immediately."With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!" Trump said in a post on Truth Social.Shares of Space Exploration Technologies (SPCX), known as SpaceX, rose 5.3% in premarket activity after the company ended Friday with a market capitalization of more than $2 trillion in a record-setting initial public offering. Shares rose as much as 29% on Friday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 4.9% at $83.03 per barrel and US West Texas Intermediate crude 5.6% lower at $80.16 per barrel.Investors also look forward to the Federal Reserve's rate decision, scheduled for Wednesday. Markets expect no rate moves by the central bank.The New York Federal Reserve's Empire State manufacturing index dropped to 5.7 in June from 19.6 in May, compared with expectations of a decrease to a reading of 13.5 in a survey compiled by Bloomberg.The May industrial production report, due at 9:15 am ET, is forecast to show a 0.3% gain following a 0.7% increase in the prior month. The June US housing market index, slated for 10 am ET, is expected at 37, unchanged from the prior month.In other world markets, Japan's Nikkei closed 5% higher, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 1.6% higher. Meanwhile, the UK's FTSE 100 was flat, and Germany's DAX index was 1.4% higher in Europe's early afternoon session.In equities, Nvidia (NVDA) shares rose 1.4% after media reports that AI startup Firebird, which is supported by Nvidia, has signed a deal worth up to $10 billion with Kazakhstan to build data centers in the Central Asian country. Amazon (AMZN) stock was up 2.1% after the company said it has completed the issuance of approximately 13.97 billion Canadian dollars ($9.99 billion) in aggregate notes across multiple maturities as part of a registered debt offering. Advanced Micro Devices (AMD) shares were up 3.8% after Citi upgraded the stock to buy from neutral and raised its price target to $575 from $460.On the losing side, ExxonMobil (XOM), Chevron (CVX), and Shell (SHEL) saw their stocks drop after oil prices plunged on the announcement of the Middle East peace agreement. ExxonMobil shares fell 3.3%, Chevron stock was down 3%, and Shell shares were down 3.9%.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$CVX$NVDA$SHEL$SPCX$XOM
Japan

US-Iran Peace Deal Announcement Lifts US Equity Futures Pre-Bell

US equity futures were higher pre-bell Monday as the US and Iran finally reached a long-awaited agreement to end the war, with President Donald Trump saying the Strait of Hormuz would reopen on Friday.Dow Jones Industrial Average futures were 1% higher, S&P 500 futures were up 1.3%, and Nasdaq futures were 2.1% higher.Iran's Supreme National Security Council had confirmed on Sunday that a memorandum of understanding had been finalized, with military operations on all fronts set to cease immediately."With the opening of the Strait upon the signing of the Deal on Friday, for purposes of mine removal, oil will flow on both ends again for the Region, and the World!" Trump said in a post on Truth Social.Shares of Space Exploration Technologies (SPCX), known as SpaceX, rose 5.3% in premarket activity after the company ended Friday with a market capitalization of more than $2 trillion in a record-setting initial public offering. Shares rose as much as 29% on Friday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 4.9% at $83.03 per barrel and US West Texas Intermediate crude 5.4% lower at $80.30 per barrel.Investors also look forward to the Federal Reserve's rate decision, scheduled for Wednesday. Markets expect no rate moves by the central bank.The June Empire State manufacturing index, scheduled for release at 8:30 am ET, is seen at 13.5 versus 19.6 previously, according to estimates compiled by Bloomberg. The May industrial production report, due at 9:15 am ET, is forecast to show a 0.3% gain following a 0.7% increase in the prior month. The June US housing market index, slated for 10 am ET, is expected at 37, unchanged from the prior month.

Dow JonesNasdaq CompositeS&P 500$SPCX
Stocks Rise Pre-Bell as US, Iran Reach Peace Deal; Investors Await Fed Policy Decision
US Markets

Stocks Rise Pre-Bell as US, Iran Reach Peace Deal; Investors Await Fed Policy Decision

The benchmark US stock measures were pointing higher before the opening bell Monday as the US and Iran reached an agreement to end their war and reopen the crucial Strait of Hormuz, while investors prepare for a major policy decision by the Federal Reserve later in the holiday-shortened week.The S&P 500 rose 1.2%, the Dow Jones Industrial Average gained 0.8% and the Nasdaq added 1.9% in premarket activity. The indexes finished Friday trading in the green.US markets will be closed on Friday for the Juneteenth National Independence Day holiday.In a social media post on Sunday, President Donald Trump said a deal with Iran is "complete" and that he authorized the immediate removal of the US naval blockade of Iranian ports. In a separate post, Trump said the Strait of Hormuz will reopen for mine removal upon the signing of the peace agreement, currently scheduled for Friday in Switzerland.West Texas Intermediate crude oil dropped 5.6% to $80.11 a barrel in the most recent premarket activity, while Brent declined 5.2% to $82.77.Trump's posts came after Pakistani Prime Minister Shehbaz Sharif announced on X that a peace deal had been reached between Washington and Tehran, with both sides agreeing to immediately end their military operations on all fronts, including Lebanon.Iran's Supreme National Security Council said a memorandum of understanding regarding the end of war negotiations with the US was "finalized," Iran's Mehr News Agency reported Monday.The Fed's monetary policy committee is scheduled to meet on Tuesday, with a decision on interest rates due on Wednesday. Markets are widely expecting the central bank to keep its key lending rate unchanged for a fourth consecutive meeting, according to the CME FedWatch tool.Treasury yields were down in premarket action, with the two- and 10-year rates retreating 4 basis points each to 4.05% and 4.45%, respectively.Last week, government data showed that annual inflation in the US accelerated to its highest level in three years in May.Monday's economic calendar has the Empire State manufacturing index for June at 8:30 am ET, followed by the industrial production report for May at 9:15 am. The housing market index for the current month is out at 10 am.SpaceX (SPCX) rose 6.1% pre-bell after the Elon Musk-led company finished its trading debut on Friday up 19%. Advanced Micro Devices (AMD) inclined 4.2%, while Nvidia (NVDA) moved 2.1% higher.Accenture (ACN), Jabil (JBL) and Kroger (KR) are scheduled to report their latest financial results later this week.Gold advanced 2.8% to $4,359 per troy ounce, while bitcoin increased 3% to $65,660.

Dow JonesNasdaq CompositeS&P 500$ACN$AMD$JBL$KR$NVDA$SPCX
Equities

Social Buzz: Wallstreetbets Stocks Mostly Advancing Premarket Monday; Micron Technology, SpaceX to Open Higher

The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly higher hours before Monday's opening bell.Micron Technology (MU) rose by 7.5% premarket, reversing a 1.4% decline from the previous session.Space Exploration Technologies (SPCX) advanced by 5.6% pre-bell, after a 19.2% rise from Friday's session. Space Exploration Technologies, known as SpaceX, debuted on Nasdaq Friday.Sandisk (SNDK) was 5.5% higher in premarket activity, after a 5.2% rise from the previous session.AST SpaceMobile (ASTS) rose by 4.7% pre-bell, swinging from a 15.5% fall at Friday's close.Rocket Lab (RKLB) advanced by 4.2% premarket, after closing Friday with a 10.8% decline.Nvidia (NVDA) was 2.1% higher in pre-bell activity, after a -/2% increase from the previous session.Microsoft (MSFT) was up 1.8% hours before market open, following a 0.1% increase at Friday's close.Bucking the trend, DTE Energy (DTE) was 0.1% lower pre-bell, swinging from a 1.1% increase at Friday's close.

$ASTS$DTE$MSFT$MU$NVDA$RKLB$SNDK$SPCX
Update: Equities Rise as SpaceX Soars; Wall Street Logs Weekly Gain Amid Iran Deal Optimism
US Markets

Update: Equities Rise as SpaceX Soars; Wall Street Logs Weekly Gain Amid Iran Deal Optimism

(Updates with market moves at the end of the day.)US equities advanced Friday to lock in a weekly gain for Wall Street as Space Exploration Technologies' (SPCX) blockbuster debut and a potential Middle East peace deal buoyed sentiment.The Dow Jones Industrial Average closed 0.7% higher at 51,202.3, while the S&P 500 rose 0.4% to 7,431.4. The Nasdaq Composite added 0.3% to 25,888.8. Barring healthcare, all sectors ended in the green, led by materials.SpaceX -- Elon Musk's rocket and satellite company -- ended its first trading day 19% above its initial public offering price of $135. The rally pushed the company's market capitalization above $2 trillion, placing it among the 10 most valuable public companies in the US, even more valuable than Musk's electric vehicle maker, Tesla (TSLA).The three major Wall Street indexes posted a weekly gain of 0.7% each, rebounding after last week's declines."It was a dizzying week in financial markets," Sal Guatieri, senior economist at BMO Capital Markets, said in a report. "After closing above 7,600 for the first time ever on June 2, the S&P 500 was headed for a second weekly decline, until Thursday afternoon. That's when President (Donald) Trump called off plans to strike Iran "very hard" as a potential peace deal emerged, with hopes of both sides signing off in Geneva this weekend.""Investor spirits were also stoked by the world's largest initial public offering, SpaceX, which blasted off on Friday," Guatieri said.West Texas Intermediate crude oil was down 3.9% at $84.30 a barrel in Friday late-afternoon trade, while Brent fell 4% to $86.79. The benchmarks were headed for weekly falls after last week's gains.The US and Iran are edging closer to an interim agreement to reopen the Strait of Hormuz, Bloomberg News reported Friday, citing senior officials. The agreement would extend the existing ceasefire by around two months and open further negotiations over Iran's nuclear program, according to the report.Pakistani Prime Minister Shehbaz Sharif said Friday that "final" text of a peace deal has been reached."Pakistan is now working closely with both sides to finalize the next steps," Sharif said in a social media post Friday. "Peace has never been this close as it is now."US Treasury yields were higher, with the 10-year rate last up 1.5 basis points at 4.49% and the two-year rate rising 1.9 basis points to 4.09%.In economic news, US consumer sentiment rebounded in June as gasoline prices eased, while the inflation outlook dropped, the University of Michigan's latest survey showed."Sentiment and spending have become disconnected," Oxford Economics said in a note. "Still, higher gas prices will take a bite out of consumers' real disposable incomes, forcing them to reel in spending."In other company news, Adobe (ADBE) shares fell 6.8%, the second-steepest drop on the S&P 500. The software maker reported solid quarterly results that were overshadowed by the departure of its finance chief and lingering questions about the company's growth trajectory, RBC Capital Markets said in a note.Lennar (LEN) dropped 4.9%, among the worst performers on the S&P 500, as the homebuilder issued a downbeat fiscal third-quarter home delivery outlook.Gold was last up 2.9% at $4,231,10 per troy ounce, while silver jumped 6.1% to $67.90 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADBE$LEN$SPCX$TSLA
Asia Markets

US Stocks Gain This Week on Iran Deal Progress, Softer Rate Expectations

US equity indexes rose this week as Iran signaled that peace-deal terms with the US are in their final review, inflation data eased rate-increase expectations, and SpaceX (SPCX) shares jumped in their market debut.* The S&P 500 closed at 7,431.46 on Friday, up from 7,383.74 a week earlier. The Nasdaq Composite rose to 25,888.84, from 25,709.53, and the Dow Jones Industrial Average advanced to 51,202.26 from 50,866.78.* Iran is in the final stages of internal deliberations on a peace agreement with the US, Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Friday, according to CNN. "Understanding has been reached on the majority of issues," he said.* US core producer prices rose less than expected in May from both April and a year earlier. Core consumer prices also came in softer than forecast on a monthly basis, while the annual reading matched expectations.* FedWatch data late Friday showed a 43% probability of a 25-basis-point rate increase in December, little changed from a week earlier. Odds for a September increase fell to 26% from 34%, and October odds dropped to 33% from 40%, indicating reduced expectations for additional increases in H2.* Markets see a near-certain chance the Fed will hold rates steady in June and a 92% probability of no change in July.* Space Exploration Technologies shares opened at $150 on Friday, topping the initial public offering price of $135. The stock closed up 19%.

Dow JonesNasdaq CompositeS&P 500$SPCX
International

Update: US Equity Indexes Rise After Iran Says Peace Deal With Washington in Final Stage of Discussions

(Updates with index/price moves, analyst comment, and other information from the first paragraph.)US equity indexes rose amid growing expectations that the Iran interim peace deal is in the final stretch and an 19% surge in Space Exploration Technologies (SPCX) shares on its Nasdaq debut.The Dow Jones Industrial Average rose 0.7% to 51,202.26, followed by a 0.5% increase in the S&P 500 to 7,431.46, and a 0.3% increase in the Nasdaq Composite to 25,888.84 on Friday. All sectors except consumer discretionary and healthcare advanced. Materials, financials, and utilities led the gainers.Iran is in the final stages of discussing the terms of an agreement with the US, CNN cited Iranian Foreign Ministry spokesperson Esmaeil Baghaei as saying in state media on Friday. "At present, understanding has been reached on the majority of issues, and we are in the final stage of internal deliberations," CNN cited Baghaei as saying."With close observation of the other side's positions, we will announce our stance according to circumstances," the spokesperson was cited as saying. "Even as I am speaking with you now, meetings among the relevant institutions are underway."Crude oil futures slumped, with front-month global benchmark North Sea Brent sliding 3.7% to $87.02 per barrel. The US West Texas Intermediate dropped 3.6% to $84.54 per barrel."Oil slumped after President Trump talked up another peace deal, with markets this time appearing increasingly willing to believe it may be for real, despite the lack of confirmation from Tehran," Saxo Bank said in a note. "Brent crude fell to a two-month low amid expectations of a surge in supply from tankers currently stranded in the Gulf."In precious metals, gold futures jumped 2.7% to $4,226.8, while silver futures surged 5.9% to $67.77.In company news, shares of Space Exploration Technologies (SPCX) or SpaceX closed at $160.95, 19.2% above its initial public offering price of $135, making Elon Musk the world's first trillionaire.Adobe's (ADBE) Chief Financial Officer Dan Durn's departure and fiscal 2026 organic annual recurring revenue outlook have created more uncertainty for the company, outweighing its fiscal Q2 results, RBC Capital Markets said in a note. Shares dropped 6.8%, among the worst performers on the S&P 500 and the Nasdaq.In economic news, the University of Michigan's preliminary consumer sentiment index rose to 48.9 in June from 44.8 in May, topping expectations of 46.0 in a Bloomberg-compiled survey. One-year inflation expectations fell to 4.6% from 4.8%, while five-year inflation expectations dropped to 3.4% from 3.9%."Even with June's early gains, however, views of the economy are still relatively dour," the University of Michigan said Friday in a statement. Consumers "feel burdened by the recent escalation in inflation and worry that higher inflation could remain stubborn going forward, particularly in the short run," the university said.Most US Treasury yields rose, with the 10-year up two basis points to 4.49% and the two-year climbed 1.5 basis points to 4.09%.

Dow JonesNasdaq CompositeS&P 500$ADBE$SPCX
Wire

Market Chatter: SpaceX Rents Out Data Center Capacity to Anthropic After Encountering Technical Issues

Space Exploration Technologies (SPCX) decided to rent out capacity at its Colossus 1 data center in Memphis, Tennessee, to Amazon.com-backed (AMZN) Anthropic to create a new revenue stream after experiencing technical difficulties in using the facility, Bloomberg reported Friday, citing people familiar with the matter.SpaceX originally planned to use the facility to develop and run its Grok artificial intelligence models via a cluster of three data center campuses, but the firm faced latency issues and hardware variations, making it difficult to connect Colossus 1 to the other two sites, the report said, citing the people.Colossus 1 runs on Nvidia's (NVDA) Hopper and Blackwell systems and some other older accelerators, while two other sites are built more uniformly around Blackwell chips, the people reportedly said.SpaceX did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $160.56, Change: $+25.56, Percent Change: +18.93%

$AMZN$NVDA$SPCX
International

Update: US Equity Indexes Rise After Iran Signals Peace Deal in Final Stretch

(Updates with index/price moves and Iran peace deal talks from the first paragraph.)US equity indexes advanced as expectations grew that an interim peace deal to end the war in Iran is close after Tehran reportedly confirmed discussions over the terms are in the final stretch.The Dow Jones Industrial Average rose 0.8% to 51,227.1, followed by a 0.4% increase in the S&P 500 to 7,425.2, and a 0.3% increase in the Nasdaq Composite to 25,881.5 ahead of the close on Friday.All sectors except consumer discretionary and healthcare advanced. Materials, financials, and energy led the gainers.Iran is in the final stages of discussing the terms of an agreement with the US, CNN cited Iranian Foreign Ministry spokesperson Esmaeil Baghaei as saying in state media on Friday. "At present, understanding has been reached on the majority of issues, and we are in the final stage of internal deliberations," CNN cited Baghaei as saying."With close observation of the other side's positions, we will announce our stance according to circumstances," the spokesperson was cited as saying. "Even as I am speaking with you now, meetings among the relevant institutions are underway."Crude oil futures slumped, with front-month global benchmark North Sea Brent sliding 3.8% to $86.98 per barrel. The US West Texas Intermediate dropped 3.7% to $84.45 per barrel.Meanwhile, in company news, shares of Space Exploration Technologies (SPCX) or SpaceX opened at $150, above its initial public offering price of $135 apiece, making Elon Musk the world's first trillionaire. Shares traded 23%.

Dow JonesNasdaq CompositeS&P 500$SPCX
Sectors

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.9% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.8%.The Philadelphia Semiconductor index climbed 2.1%.In corporate news, Space Exploration Technologies (SPCX) shares jumped past 19% as Elon Musk's rocket and satellite company debuted on the Nasdaq in what is poised to be the world's biggest initial public offering ever.Advanced Micro Devices (AMD) shares gained 4.8% after Citi upgraded the stock to buy from neutral and raised its price target to $575 from $460.Adobe's (ADBE) CFO departure and fiscal 2026 organic annual recurring revenue outlook have created more uncertainty for the company, outweighing its fiscal Q2 results, RBC Capital Markets said in a note emailed Friday. Adobe shares fell past 6%.Meta Platforms (META) said Friday that Facebook and Instagram were recovering after users reported issues accessing the social media platforms earlier in the day. Meta shares were down 0.3%.

$AMD$META$MSFT$SPCX
Update: Equities Rise Intraday Amid SpaceX's Blockbuster Debut, US-Iran Deal Prospects
Wire

Update: Equities Rise Intraday Amid SpaceX's Blockbuster Debut, US-Iran Deal Prospects

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as Space Exploration Technologies (SPCX) rallied on its market debut, while oil prices fell as traders tracked reports of a potential deal between Washington and Iran.The Dow Jones Industrial Average was up 0.8% at 51,260.8 after midday Friday, while the S&P 500 rose 0.6% to 7,436.6. The Nasdaq Composite added 0.5% to 25,930.1. Barring consumer discretionary and healthcare, all sectors were in the green, led by materials.SpaceX -- Elon Musk's rocket and satellite company -- opened trade at $150 and moved as high as $176.52, after having priced its initial public offering at $135. The rally pushed the company's market capitalization above $2 trillion, placing it among the 10 most valuable public companies in the US, even more valuable than Musk's electric vehicle maker, Tesla (TSLA).The IPO drew more than $350 billion in orders from institutions and retail investors, with the former accounting for over $250 billion, Bloomberg News reported, citing unnamed sources. The IPO, which would raise a record $75 billion, is expected to close Monday.West Texas Intermediate crude oil was down 3.4% at $84.67 a barrel intraday Friday, while Brent fell 3.5% to $87.20.The US and Iran are edging closer to an interim agreement to reopen the Strait of Hormuz, Bloomberg News reported Friday, citing senior officials. The agreement would extend the existing ceasefire by around two months and open further negotiations over Iran's nuclear program, according to the report."We can confirm that a final, agreed upon text of the peace deal has been reached, and Pakistan is now working closely with both sides to finalize the next steps," Pakistani Prime Minister Shehbaz Sharif said in a social media post Friday. "Peace has never been this close as it is now.""Unlike previous (potential US-Iran deal) announcements that were met with considerable skepticism, markets this time appear increasingly willing to price in a meaningful probability of success," Saxo Bank said in a report.US Treasury yields were higher intraday, with the 10-year rate up 1.4 basis points at 4.48% and the two-year rate rising one basis point to 4.08%.In economic news, US consumer sentiment rebounded in June as gasoline prices eased, while the inflation outlook dropped, the University of Michigan's latest survey showed."Sentiment and spending have become disconnected," Oxford Economics said in a note. "Still, higher gas prices will take a bite out of consumers' real disposable incomes, forcing them to reel in spending."In other company news, Adobe (ADBE) shares were down 7.2% intraday, the second-steepest drop on the S&P 500. The software maker reported solid quarterly results that were overshadowed by the departure of its finance chief and lingering questions about the company's growth trajectory, RBC Capital Markets said in a note.Lennar (LEN) was down 4.3%, among the worst performers on the S&P 500, as the homebuilder issued a downbeat fiscal third-quarter home delivery outlook.Gold was up 3% at $4,237.50 per troy ounce, while silver jumped 6% to $67.86 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADBE$LEN$SPCX$TSLA
Wire

Top Midday Gainers

Space Exploration Technologies (SPCX) became a publicly listed company with its debut on the Nasdaq on Friday.More than 332.3 million shares of the company traded intraday amid 29% gains.Cuprina (CUPR) has regained compliance with the Nasdaq Capital Markets listing requirements, the company said Friday.Shares soared 74% as intraday trading volume catapulted to over 79.2 million from a daily average of about 340,000.Friedman Industries (FRD) shares climbed 29% amid heavy trading after the company reported a surge in fiscal Q4 earnings and revenue late Thursday.Over 250,000 shares traded intraday versus a daily average of roughly 30,000.Price: $173.89, Change: $+38.89, Percent Change: +28.81%

$CUPR$FRD$SPCX
International

Update: US Equity Indexes Advance Amid Hopes of Iran Peace Deal, SpaceX Shares Surging in Nasdaq Debut

(Updates with index/price moves, macroeconomic data, and political/company news from the first paragraph.)US equity indexes rose while crude oil slumped amid hopes that an interim deal between Tehran and Washington to end the war is close, and shares of Space Exploration Technologies (SPCX) soared in its Nasdaq debut on Friday.The Dow Jones Industrial Average rose 0.7% to 51,220.4, followed by a 0.5% increase in the S&P 500 to 7,430.8, and a 0.3% increase in the Nasdaq Composite to 25,895.5. All sectors except consumer discretionary advanced. Materials, financials, and energy led the gainers.Iran's foreign minister said a deal "has never been closer," CNN reported Friday. President Donald Trump decried Tehran as "dishonorable" for what he said were inaccurate state media descriptions of a potential interim US-Iran agreement, the news report said.The draft deal includes a commitment that the US will lift oil sanctions, final negotiations will not begin until half of Iran's frozen funds are released, and a US naval blockade ends, CNBC reported, citing Iran's Mehr News Agency. The deal also includes, among other things, Iran's pledge to reopen the Strait of Hormuz within 30 days of deal signing, according to Mehr's report."What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth," Trump said in a Truth Social post Friday.Nevertheless, crude oil futures slumped. Front-month global benchmark North Sea Brent slid 3.6% to $87.15 per barrel, and US West Texas Intermediate dropped 3.4% to $84.70 per barrel.In precious metals, gold futures jumped 3.1% to $4,239.10, while silver futures surged 5.9% to $67.81.In company news, shares of Space Exploration Technologies or SpaceX opened at $150, above its initial public offering price of $135 apiece, making Elon Musk the world's first trillionaire. Shares traded more than 29% after midday.Adobe's (ADBE) Chief Financial Officer Dan Durn's departure and fiscal 2026 organic annual recurring revenue outlook have created more uncertainty for the company, outweighing its fiscal Q2 results, RBC Capital Markets said in a note. Shares dropped 7.2%, among the worst performers on the S&P 500 and the Nasdaq.In economic news, the University of Michigan's preliminary consumer sentiment index rose to 48.9 in June from 44.8 in May, topping expectations for 46.0 in a Bloomberg-compiled survey. One-year inflation expectations fell to 4.6% from 4.8%, while five-year inflation expectations dropped to 3.4% from 3.9%."Even with June's early gains, however, views of the economy are still relatively dour," the University of Michigan said Friday. Consumers "feel burdened by the recent escalation in inflation and worry that higher inflation could remain stubborn going forward, particularly in the short run," the university said.Most US Treasury yields rose, with the 10-year up 1.6 basis points to 4.48% and the two-year climbed 1.3 basis points to 4.08%.

Dow JonesNasdaq CompositeS&P 500$ADBE$SPCX
Sectors

Sector Update: Tech Stocks Rise Friday Afternoon

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2%.The Philadelphia Semiconductor index climbed 2.4%.In corporate news, Space Exploration Technologies (SPCX) shares jumped 28% as Elon Musk's rocket and satellite company debuted on the Nasdaq in what is poised to be the world's biggest initial public offering ever.Nvidia (NVDA) has informed Chinese clients that its new Vera central processors for AI data centers could be available as early as August and that they can start ordering, Reuters reported. Nvidia shares added 0.2%.Adobe's (ADBE) CFO departure and fiscal 2026 organic annual recurring revenue outlook have created more uncertainty for the company, outweighing its fiscal Q2 results, RBC Capital Markets said in a note emailed Friday. Adobe shares fell past 7%.

$ADBE$NVDA$SPCX
Wire

Update: SpaceX Shares Surge in Nasdaq Debut

(Updates with recent stock movement in first and second paragraph.)Space Exploration Technologies (SPCX), known as SpaceX, shares continued to climb on its first day of Nasdaq trading, rising more than 29% early afternoon Friday in what is poised to be the world's biggest initial public offering.The stock opened at $150, after pricing the IPO at $135 a share. The offering is expected to close Monday, according to a statement released Thursday.The Elon Musk-led rocket and satellite company plans to raise a record $75 billion, targeting a $1.75 trillion valuation, Wedbush Securities said in a note Friday. That would place SpaceX among the 10 most valuable public companies in the US, even more valuable than Musk-led Tesla (TSLA).Wedbush Securities' Dan Ives had said in the note that if the stock trades at $138 per share, Musk officially becomes a trillionaire.SpaceX granted the underwriters a 30-day option to buy up to an additional 83.3 million class A shares at the IPO price.Musk's SpaceX position is worth about $866 billion, according to a Reuters report.Price: $175.12, Change: $+40.12, Percent Change: +29.72%

$SPCX$TSLA
Wire

Market Chatter: SpaceX Options to Start Trading Tuesday After Shares Debut

Space Exploration Technologies (SPCX) options will begin trading Tuesday after the company's shares debuted on Friday, Bloomberg reported.SpaceX options will be listed on Cboe Global Markets (CBOE) and Nasdaq (NDAQ), spokespeople for the exchanges said, according to the report.Other exchanges, including Intercontinental Exchange's (ICE) NYSE and Miami International Holdings, are expected to list the options early next week, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $174.97, Change: $+39.97, Percent Change: +29.61%

$CBOE$ICE$NDAQ$SPCX
Sectors

Sector Update: Tech

Tech stocks were higher Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%.The Philadelphia Semiconductor index climbed 2.1%.In corporate news, Space Exploration Technologies (SPCX) shares jumped 24% as Elon Musk's rocket and satellite company debuted on the Nasdaq in what is poised to be the world's biggest initial public offering ever.

$SPCX

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