The SpaceX initial public offering didn’t mean all that much to the stock market this past week—but it could mark the start of the countdown to the end of the bull market sometime in the year ahead. SpaceX, which began trading on Friday, was the market’s focus this past week. It is the biggest IPO in history; it’s building a business that seems based on a sci-fi novel; and it’s led by a controversial CEO in Elon Musk, who attracts attention—good and bad—wherever he goes.
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The past week's stock market saw the S&P 500 and the Nasdaq composite test, then bounce off support at their 50-day moving averages. The S&P 500 then rose, on Friday, to briefly test resistance at its 21-day exponential moving average. The Nasdaq did not rise to this level. The Nasdaq 100, however, as tracked by the Invesco QQQ Trust Series...
President Trump's 180 on inflation may result in a corresponding about-face for Wall Street's bull market.
The Dow added 0.7%, and the Nasdaq composite gained 0.3%. The Nasdaq composite rose 79.18 points, or 0.3%, to 25,888.84. The Russell 2000 index of smaller companies rose 22.96 points, or 0.8% to 2,943.99.

US stocks (^DJI, ^IXIC, ^GSPC) inch higher to end Friday's session and the trading week with slight gains, as SpaceX (SPCX) closes its first day of trading 19.22% higher at a share price of $160.95. From the Nasdaq, Yahoo Finance Senior Reporter Brooke DiPalma breaks down the post-IPO performance Elon Musk's space company.
It’s fitting that the largest IPO ever debuted on a day that Wall Street was back chasing momentum stocks. The S&P 500 was up 0.5%. The Nasdaq was up 0.4%. The Dow was up 384 points, or 0.8%. SpaceX stock was up 27% to $170.
CarMax stock is in turnaround mode with a new CEO ahead of its upcoming earnings report, while AI investors await earnings from Jabil.
Stocks traded sideways at the open on Friday with SpaceX set to make its public debut following yesterday’s market relief rally. The Dow rose 138 points, or 0.2%. In the largest IPO ever with $75 billion raised, SpaceX will begin trading at some point today.
(Bloomberg) -- Even SpaceX’s opening bell ceremonies at the Nasdaq stock market were a first-of-their-kind affair.Most Read from BloombergSpaceX IPO Raises $75 Billion in Biggest Debut of All TimeXbox Plans Significant Layoffs as New CEO Plans OverhaulUS, Iran Edge Toward Interim Deal Signing Close to G7 Next WeekTrump Insists Iran Deal Is Close After Scrapping New StrikesUAE and Iran Meet Face-to-Face to Try to Deescalate TensionsThousands of SpaceX employees helped ring in the company’s public
SpaceX (SPCX) officially debuted on the Nasdaq Composite (^IXIC) on Friday, making history as the largest-ever initial public offering (IPO). Yahoo Finance Senior Reporter Brooke DiPalma shares Elon Musk's initial reaction to becoming a trillionaire.

Wall Street is abuzz on Friday with Elon Musk's trillion-dollar SpaceX (SPCX) IPO set to make history with a valuation of $1.77 trillion. Bloomberg reports that several venture capital firms, including the Founders Fund and Andreessen Horowitz, will net tens of billions of dollars from SpaceX's public launch. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss the biggest winners from SpaceX's IPO.

SpaceX (SPCX) officially debuted on the Nasdaq Composite (^IXIC) on Friday, making history as the largest-ever initial public offering (IPO). Watch CEO Elon Musk remotely ring the opening bell from Starbase, Texas.

The big day is here as SpaceX (SPCX) prepares to go public on the Nasdaq via its historic IPO. Elon Musk's space operator raised $75 billion after pricing 555,555,555 shares at $135 each. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Trustless Media Founder Zack Guzman to discuss SpaceX's IPO pricing.
The SpaceX CEO's fortune on paper now rivals the annual economic output of many countries, according to World Bank data.
South Korean memory chipmaker SK Hynix is looking to choose the Nasdaq for its planned U.S. listing, two sources familiar with the matter said, opting for the technology-heavy bourse to capitalize on investor appetite for AI-linked stocks. The planned listing as early as August comes after a 230% surge in SK Hynix's share price this year, lifting its market value above $1 trillion in May. The U.S. listing is expected to broaden the company's investor base and raise its profile among global investors. The company selected Nasdaq over the New York Stock Exchange, said the sources, who declined to be identified because the information was not public.
Micron stock has bounced around this week and Goldman Sachs analysts are wary of a high bar for its earnings this month.
SpaceX executives are set to ring the Nasdaq’s opening bell in New York City, but shares in buzzy initial public offerings don’t usually start trading until later in the day. Bankers leading an IPO typically want to match buyers and sellers for about 10% of the shares sold before opening trading to lessen volatility. Because pre-IPO investors are restricted from selling shares for a while, it can take time to find willing sellers among those who bought shares in a high-demand IPO.
Bitcoin ETFs posted a record $4.4B outflow streak. Trump's Iran deal lifted BTC 3%, but the Fed meets June 16.
Elon Musk’s SpaceX is set to make its stock-market debut Friday in the largest IPO ever—and perhaps the most closely watched. SpaceX executives are set to ring the Nasdaq’s opening bell in New York, but shares in buzzy initial public offerings don’t tend to start trading until later in the day. Bankers leading an IPO typically want to match buyers and sellers for about 10% of the shares sold before opening trading to lessen volatility.
Wall Street geared up for SpaceX's market debut and assessed prospects for an end to US-Iran hostilities.
US stock futures rose as Wall Street geared up for SpaceX's market debut and welcomed easing tensions between the US and Iran.
US stock futures rose as Wall Street geared up for SpaceX’s market debut and welcomed easing tensions between the US and Iran.
AI jitters and mega IPOs are among the factors prompting violent index moves in recent days. The Nasdaq composite has swung an average of 2.1% over the past five sessions, according to Dow Jones Market Data, compared with its five-year average absolute move of 1%.
Elon Musk's SpaceX raised the $75 billion it targeted in a hotly awaited IPO on Thursday, selling shares at a fixed price of $135 that valued the space, satellite and AI company at $1.77 trillion. It's definitely going to be a long-term story, and I think it will take time for the stock to find its footing in the public markets.
Dow Jones futures: The S&P 500 and Nasdaq jumped as Trump canceled Iran strikes, but still below key levels. The SpaceX IPO priced at 135 a share. CrowdStrike flashed a new buy signal.
U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening. The Dow Jones Industrial Average leaped 1.9%, and the Nasdaq composite rallied 2.5%. The Nasdaq composite rose 640.16 points, or 2.5%, to 25,809.66.
US equity indexes were higher on Wednesday after core producer price inflation grew less than foreca