Stock Market Update

[BRIEFING.COM] The S&P 500 (-1.3%), Nasdaq Composite (-1.9%), and DJIA (-0.1%) are lower as the market enters the final half hour of the session.

While mega-cap tech is notably weaker today, SpaceX (SPCX 159.52, +4.92, +3.18%) is actually putting together a solid performance, bouncing back from a dip below its debut price of $150 earlier in the session.

Bloomberg reported that the company is looking to raise $25 billion in bond offerings. So far, the appetite for the offering is massive, with about $90 billion of orders pouring in.