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SpaceX Is Now Cheaper Than It Was on Day One
The Wall Street Journal32d agoneutral
SpaceX Is Now Cheaper Than It Was on Day One

SpaceX shares fell 6.8% to close at $149.47, below the $150 price where shares began trading June 12, the day of the rocket maker's initial public offering. Though the stock has dipped below that threshold in intraday trading four times, Tuesday was the first time it closed below $150.

Chip Rebound Fizzles, Hammers Nasdaq
Barrons.com32d agoneutral
Chip Rebound Fizzles, Hammers Nasdaq

The Nasdaq tumbled on Tuesday after a rebound in semiconductor stocks fizzled out overnight. The Dow dropped 131 points, or 0.3%. After chips rebounded on Monday, selling in memory stocks in South Korea bled into U.S. trading.

Why Planet Labs (PL) Stock Is Nosediving
StockStory32d agoneutral
Why Planet Labs (PL) Stock Is Nosediving

Shares of earth imaging satellite company Planet Labs (NYSE:PL) fell 6.8% in the afternoon session after a broader tech sector sell-off appeared to outweigh the company's announcement of a successful satellite launch.

Why Micron Outweighs Meta 2-to-1 in the Nasdaq 100, Even Though Meta Is Way Bigger
24/7 Wall St.32d agoneutral
Why Micron Outweighs Meta 2-to-1 in the Nasdaq 100, Even Though Meta Is Way Bigger

On the June 27 episode of the Animal Spirits podcast, Michael Batnick and Paul Schroeder of Invesco spent a segment on something that should annoy anyone who thinks they understand the NASDAQ 100. As of that date, Micron (NASDAQ:MU) carried a 5.7% weighting in QQQ (NASDAQ:QQQ) while Meta (NASDAQ:META) sat at just 2.6%, even though Meta’s total market cap was ... Why Micron Outweighs Meta 2-to-1 in the Nasdaq 100, Even Though Meta Is Way Bigger

Oil Spikes, Yields Rise After U.S. Revokes Iran Oil Waivers
Barrons.com32d agobullish
Oil Spikes, Yields Rise After U.S. Revokes Iran Oil Waivers

Oil prices climbed higher after the U.S. government revoked sanction waivers for Iranian oil after commercial ship attacks. Brent crude futures climbed more than 5.1% to $75.65 per barrel while WTI futures rose 5% to $71.99. Oil prices were well below wartime highs, but still above prewar levels.

Morgan Stanley: SpaceX Could Rally 87% as Wall Street Goes All-In
24/7 Wall St.32d agobullish
Morgan Stanley: SpaceX Could Rally 87% as Wall Street Goes All-In

SpaceX‘s (NASDAQ: SPCX) arrival on the Invesco QQQ Trust (NASDAQ: QQQ) benchmark is the fastest mega-cap onboarding the NASDAQ has ever executed. CNBC’s Morgan Brennan laid out the mechanics on air Tuesday morning. “SpaceX officially joins the Nasdaq 100. That will happen at the start of trading officially later this morning,” Brennan told viewers, framing ... Morgan Stanley: SpaceX Could Rally 87% as Wall Street Goes All-In