Wall Street mixed: Dow and S&P rise, SpaceX and AMD shares fall

The Story in Brief

Wall Street opened mixed with Dow E‑minis up 116 points (0.21%) and S&P 500 E‑minis up 19.75 points (0.25%), while Nasdaq 100 E‑minis fell 20.5 points (0.07%). The S&P 500 and Dow had recently climbed to record highs. SpaceX, in its first public earnings report, said revenue nearly doubled and operating losses narrowed, driven by Starlink and expanding AI operations, but executives warned that heavy spending would continue; SpaceX shares fell about 10% in premarket trade and its post‑IPO lock‑up begins to expire on Thursday. Tesla slipped about 0.8% premarket. AMD forecast revenue above expectations but shares dropped about 8.1% after strong prior gains this year of about 142%. Nvidia rose about 1.9%, helped by SpaceX’s plan to use Nvidia hardware for data centres; Intel and Micron each fell about 1.5% while Microsoft and Alphabet were largely unchanged.

The Indian Opinion

The coverage mixes concrete figures with forward‑looking statements that invite varied reactions. Price moves and company forecasts are factual, but market interpretations – such as investors “not being convinced” SpaceX will slow spending or that AMD’s rally had “priced in” growth – reflect investor sentiment rather than settled outcomes. Similarly, linking SpaceX’s mobile plans to telecom share falls is plausible, but competitive effects will evolve over time. Readers should note uncertainty around future spending, lock‑up sales, Fed decisions and geopolitical developments; these factors can change market direction quickly, so cautious reading of single‑day moves and forecasts is warranted.

Original article: Wall Street mixed as SpaceX, AMD fall while Dow and S&P 500 rise on peace hopes and Fed rate bets (www.hindustantimes.com)

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