Stock Market Today: Dow Tests 52,000; SpaceX Pops Again, Sandisk Climbs (Live Coverage)
The Dow Jones Industrial Average is near record levels above 52,000, driven by optimism around a potential U.S.-Iran peace deal and strong debut performance from SpaceX’s stock. SanDisk shares are climbing, while oil prices ease. Futures are steady ahead of Federal Reserve Chair Warsh’s first meeting.
What changed
SpaceX’s stock debut has triggered a surge, pushing Elon Musk’s net worth into trillionaire territory, while Iran deal speculation lifts broader market sentiment.
Live updates
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Dow Tests 52,000; SpaceX Surges, Sandisk Rises as Iran Deal Hopes Fuel Rally
confidence 92%The Dow Jones Industrial Average is near record levels above 52,000, driven by optimism around a potential U.S.-Iran peace deal and strong debut performance from SpaceX’s stock. SanDisk shares are climbing, while oil prices ease. Futures are steady ahead of Federal Reserve Chair Warsh’s first meeting.
What's confirmed:
- The Dow Jones Industrial Average is testing 52,000 after posting a new record close fueled by hopes of a U.S.-Iran peace deal.
- SpaceX’s stock price has jumped 19% in its market debut, propelling Elon Musk’s net worth into the trillionaire range.
- SanDisk shares are rising amid broader tech sector gains, though AI-related stocks remain volatile.
- Stock futures are little changed ahead of Federal Reserve Chair Michelle Warsh’s first meeting as chair.
- Oil prices have slid further, contributing to market optimism and easing inflation concerns.
- The S&P 500 and Nasdaq also closed higher this week, with the Dow up 0.7% on the week.
Still unconfirmed:
- SpaceX is reportedly set to leapfrog Amazon to become the world’s fifth-largest company by market value.