Stock Market Update
12-Jun-26 12:00 ET
SpaceX opens at $150 per share
Dow +210.47
at 51059.22,
Nasdaq -85.37
at 25745.28,
S&P +5.33
at 7399.63
[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (-0.2%), and DJIA (+0.65%) have pulled back from their session highs as SpaceX (SPCX 160.20, +25.20, +18.67%) is now trading. The stock opened at $150 per share after pricing its IPO at $135 per share.
The information technology sector (-0.2%) has retreated below its flatline as its five largest components now trade lower, suggesting investors may be rotating out of prominent mega-cap tech names as a source of funds to put towards SpaceX.
Additionally, other space and satellite stocks such as AST SpaceMobile (ASTS 82.97, -14.59, -14.95%) and Virgin Galactic (SPCE 3.71, -2.02, -35.25%) are sharply lower after rallying yesterday.
