Stock Market Update

[BRIEFING.COM] The major averages continue to move to session lows just after midday.

SpaceX (SPCX 108.90, +0.63, +0.58%) is giving back the bulk of its previous gain as the stock faces a meaningful test of investor demand as its first post-IPO lockup expiration makes an additional batch of shares eligible for sale. The unlock increases the stock's potential trading supply and could add volatility if early investors choose to reduce their holdings, though the actual impact will depend on how many newly eligible shares reach the market and whether buyers can absorb them.