Micron stock has bounced around this week and Goldman Sachs analysts are wary of a high bar for its earnings this month.
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Stock indexes around the world are in positive territory and U.S. stock futures are up. The IPO has shattered records, with SpaceX raising $75 billion, selling 555.6 million shares at $135 each. The rocket maker, which derives most of its revenue from its satellite internet unit and has a nascent artificial-intelligence business, will trade under the ticker “SPCX.”
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.

<body><p>STORY: Wall Street's main indexes ended sharply higher on Thursday, with the Dow adding more than 1.8%, the S&P 500 climbing one-and-three-quarters percent and the Nasdaq jumping more than two-and-a-half percent.</p><p>President Donald Trump canceled planned strikes on Iran and said a peace deal with Tehran could come as soon as this weekend.</p><p>While oil prices dropped sharply, Ben McMillan, chief investment officer at IDX Advisors, warned that inflationary and other economic pressures wouldn't immediately subside. </p><p>"It's not a spring where all of a sudden, once everything is signed and everybody agrees to a ceasefire, inflation magically comes down, even if the price of oil does. You know, supply chains have been disrupted, and not just oil, by the way, too, things like fertilizer, things that impact the food supply. And we're starting to see that percolate through the system."</p><p>Feeding inflation worries, data on Thursday showed U.S. producer prices increased more than expected in May, leading to the largest annual gain in over three years.</p><p>:: Oracle</p><p>Among the day's stock moves, shares of Oracle bucked what was otherwise a strong day for tech stocks, plunging 8.5% after the firm projected capital spending plans for fiscal 2027 above Wall Street estimates.</p><p>And shares of Adobe, down more than 6% at the close, plunged further in extended trading, despite the Photoshop maker raising its annual revenue forecast. The company also announced the departure of its CFO only three months after Adobe's CEO said he would step down.</p><p>And SpaceX priced the biggest-ever U.S. IPO at $135 per share, making Elon Musk’s rocket maker one of the world’s most valuable companies. The IPO raised a record $75 billion, valuing the company at nearly $1.8 trillion, a record for an initial offering. Trading is set to begin on Friday.</p></body>
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

Yahoo Finance Markets and Data Editor Jared Blikre explains what investors should expect from SpaceX's (SPAX.PVT) planned initial public offering (IPO) on Friday, outlines the leveraged exchange-traded funds (ETFs) coming out for SpaceX, and examines historical post-IPO market trends.
Wall Street snapped a three-day losing streak on Thursday, but the rally lost steam by midday. Hot inflation data and Middle East tensions are keeping investors cautious ahead of SpaceX's historic IPO.
Tesla stock rose early Thursday after the order book for SpaceX’s massive IPO closed. Tesla stock was up 0.8% at $384.74 on Thursday, while the and were up 0.2% and 0.6%, respectively. Coming into Thursday trading, shares were down almost 10% over the past week, leaving investors wondering if Tesla investors were selling stock to fund purchases of SpaceX shares, which are expected to begin trading on Friday.
(Updates with new information from the first paragraph.) US equity indexes rose amid a broad-base
Retail investors are clearing the decks ahead of the SpaceX IPO. For two straight days this week, ordinary investors dumped their single-stock holdings on a net basis, according to Vanda Research. The moves suggests that mom-and-pop investors are amassing dry powder ahead of SpaceX's anticipated public debut tomorrow.
For much of the past month, Wall Street has been chanting the same three letters: SPCX, the Nasdaq ticker SpaceX intends to use when it begins trading on June 12, 2026. Retail investors have piled into the Destiny Tech100 vehicle, prediction markets have lit up, and r/wallstreetbets has turned a single post titled “$8 to ... SpaceX IPOs on Friday. The 55% rule says don’t chase it.
Stocks looked poised for a rebound today, as investors shrug off mounting U.S.-Iran tensions and Oracle earnings that highlighted the huge cost of the AI boom.
SpaceX (SPCX) started trading on Friday following the biggest IPO ever.
SpaceX (SPCX) started trading on Friday following the biggest IPO ever.
SpaceX (SPCX) started trading on Friday following the biggest IPO ever.
SpaceX's priced its IPO Thursday night ahead at $135 a share ahead of the stock's debut on the Nasdaq on Friday, June 12.
SpaceX's record-breaking IPO enters its final stretch, with the deal set to "price" Thursday night ahead of the stock's debut on the Nasdaq on Friday, June 12. But this pricing night will look nothing like the ones Wall Street, and investors, are used to.