Shares of SpaceX continued their sharp descent Thursday and closed below the company’s IPO price for the first time since its June public offering.

SpaceX's post-IPO performance is trailing among this year's top 10 blockbuster debuts. Shares will close below the rocket maker's $135 IPO price for the first time if the current price around $131 holds.

SpaceX on Wednesday slipped below its listing price of $135 per share, extending a slide that has erased more than $1tn from the value of Elon Musk’s conglomerate since the peak shortly after its record IPO.

The wild ride for SpaceX shares has picked up momentum. SpaceX (SPCX) stock hit a fresh post-IPO low on Friday morning, putting it on track for a sixth straight day of losses, after the company scrapped a rocket test flight late yesterday.

Drops for computer chipmakers and other winners of the artificial-intelligence boom dragged down stock markets worldwide on Thursday. The S&P 500 fell 0.5%, even though more stocks rose within the index than fell.

U.S. stocks drifted higher following strong profit reports from big companies. The S&P 500 added 0.4% Wednesday after flipping between modest gains and losses through the day. The Dow Jones Industrial Average rose 0.

The S&P 500 rose 0.4% after flipping between modest gains and losses through the day, and it’s back within 0.5% of its all-time high set last month. The Dow Jones Industrial Ave

Computer chipmakers and other winners of the artificial-intelligence boom are slumping again Thursday and weighing on stock markets worldwide. They're drowning out strength for most of the rest of Wall Street,

Netflix's shares tumbled 9.2% before the bell on Friday following another weaker-than-expected earnings forecast from the streaming major, deepening doubts about ​its ability to sustain growth momentum.

Netflix on Thursday reported higher revenues and profit in the second quarter as it sought to assure investors about its growth prospects. The streaming giant reported revenue of $12.6 billion in the second quarter,

Netflix said Thursday its second-quarter profit grew thanks to new membership signups and price increases, which “had gone well and as expected.” But the company's shares declined sharply in after-hours trading as the video streaming company's forecast for the current quarter fell below Wall Street's expectations.

Netflix forecast third-quarter revenue and earnings on Thursday (July 16) that fell short of Wall Street targets and said it would cut the frequency of viewing-hours reports as the company seeks new avenues of growth.

The Trump administration announced Thursday that Taiwan Semiconductor Manufacturing Co. is investing an additional $100 billion in Arizona facilities.

TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, pledged on Thursday to invest a further $100 billion in the U.S. state of Arizona and said AI-driven demand will remain strong up to 2030.

The company says it will create "high-tech, high-paying jobs", and raises its total commitment to the US to $265bn.

TSMC plans four more Arizona fabs, bringing its total US investment to $265 billion and expanding chip capacity amid surging AI demand and geopolitical risk.

Gold was on track for ‌its biggest weekly loss in six on Friday, as escalating U.S.-Iran clashes lifted oil prices, adding to inflationary pressures and strengthening the case for higher U.S. interest rates.

Gold prices traded below USD 4,000 as Middle East tensions, rising oil prices, inflation concerns, and expectations of higher interest rates pressured bullion. A weaker dollar offered limited support,

Gold prices stabilized on Friday but remained on track for their steepest weekly decline since early June, as rising tensions between the United States and Iran fueled higher oil prices and strengthened expectations

Gold prices eased on Thursday as ​ongoing tensions in the Middle East heightened inflation worries, adding uncertainty to ‌the trajectory of U.S. interest rates.

Cooler inflation data might now keep the Fed from increasing interest rates. This comes despite resumed U.S. military strikes against Iran and global Brent prices climbing back above $86 a barrel. They eclipsed $110 earlier in the conflict.

Treasury yields rose as Fed officials reinforced the central bank’s commitment to fight inflation and U.S. indicators mostly surprised on the upside.

Treasury yields rose Thursday as oil prices remained elevated on mounting tensions between the U.S. and Iran. The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — rose 2 basis points to 4.

The U.S. two-year Treasury yield rose to 4.28 per cent, its highest level since early 2025, signalling that investors increasingly expect the Federal Reserve to keep rates high or potentially raise them ・Rising tensions between the U.