TradingKey – On June 22, ET, positive progress in U.S.-Iran negotiations boosted market sentiment, but a sharp drop in SpaceX weighed on the market. The three major U.S. stock indexes ended mixed, with the Nasdaq Composite falling more than 1%, while chip stocks bucked the trend to post gains.
At the close, the Dow Jones Industrial Average rose 0.29% to 51,712.71; the Nasdaq Composite Index fell 1.32% to 26,166.60; and the S&P 500 Index slipped 0.37% to 7,472.79.
Tech stock performance
SpaceX (SPCX) fell over 16.43% to close at $154.60, on the verge of breaking below its debut price of $150.
SpaceX officially launched its inaugural investment-grade bond offering. According to the company’s 8-K filing submitted on June 22, it has initiated the…
