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Tech stocks rise as investors look to SpaceX and major earnings
SpaceXs shares have dropped nearly 30% since its $150 debut, and its first quarterly report will come after the bell Tuesday.
Tech stocks edged higher in early trading Monday as investors turned their attention to the first-ever quarterly earnings report from SpaceX, scheduled after the bell on Tuesday. Yahoo Finance reports that SpaceXs stock has fallen nearly 30% from its $150 debut price, and traders are watching for catalysts that could help reverse the decline.
The same after-hours window also includes earnings from AMD, offering investors another read on the state of the AI chip market. Intel, which reported its results last month, topped analysts estimates on both the top and bottom lines and issued better-than-anticipated guidance for the current quarter, according to the report.