Stock Market Update
22-Jun-26 12:05 ET
SpaceX sharply lower for fourth consecutive session
Dow +146.20
at 51710.90,
Nasdaq -348.01
at 26190.91,
S&P -35.04
at 7465.54
[BRIEFING.COM] The major averages remain little changed from previous values at midday.
SpaceX (SPCX 165.94, -19.06, -10.31%) is contributing to the underperformance of the Nasdaq Composite (-1.2%), trading sharply lower after three consecutive lower finishes heading into the long weekend. The stock is now just roughly 5% above its opening price of $150 after surging roughly 40% after its debut.
CNBC reported the company signed a $150 million per month Colossus compute deal with Reflection AI, granting access to Nvidia GB300 chips and expanding its AI infrastructure push.
