Stock Market Update
11-Aug-26 11:05 ET
Major averages mostly higher as mega-caps largely improve
Dow +15.39
at 53991.37,
Nasdaq +12.48
at 26638.86,
S&P +7.76
at 7760.87
[BRIEFING.COM] The S&P 500 (+0.1%), Nasdaq Composite (+0.1%), and DJIA (flat) have a slightly positive tilt, due to some improvements across the mega-cap and tech spaces.
SpaceX (SPCX 134.50, -4.24, -3.06%), however, is a laggard, moving back below its $135 IPO price after closing above that mark for the first time in weeks yesterday.
Meanwhile, competitor Rocket Lab USA (RKLB 79.36, -0.68, -0.85%) is trading lower today after its Q2 results last night. The company missed EPS expectations, while revenue jumped 62% year-over-year and 16.8% sequentially to $234.06 million, above expectations. Rocket Lab also guided Q3 revenue to $250-265 million, well above expectations, but investors appear more focused on the narrowing year-end launch window for Neutron, softer Q3 margins, and elevated cash burn.
