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SpaceX shares fall as AI spending concerns weigh on stocks
The Dow was set to extend a roughly 1,600-point rally over the prior two sessions even as SpaceX slid.
SpaceX shares slumped after concerns about AI spending rattled investors, adding pressure to the broader stock tape, according to WSJ Markets.
The report said the Dow was poised to extend a roughly 1,600-point rally from the prior two trading days, even with pockets of weakness like SpaceX.
Investors appeared focused on how AI-related spending could affect the outlook for the companies and sectors tied to the theme.
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