Stock Market Update
11-Jun-26 11:05 ET
Mega-caps lag ahead of SpaceX IPO
Dow +190.02
at 50108.80,
Nasdaq -8.99
at 25181.50,
S&P +1.23
at 7268.22
[BRIEFING.COM] The S&P 500 (flat), Nasdaq Composite (+0.1%), and DJIA (+0.4%) continue to move off their earlier highs as the opening strength begins to wane.
Mega-cap stocks are once again underperforming, with the Vanguard Mega Cap Growth ETF down 0.5%. The group is firmly lower for the week, with some analysts suggesting investors are taking profits across the cohort to have cash on hand for SpaceX's IPO tomorrow.
Meanwhile, satellite and space stocks such as AST SpaceMobile (ASTS 91.37, +4.05, +4.64%) and Virgin Galactic (SPCE 5.49, +0.78, +16.48%) are posting solid gains as excitement builds for the debut.
