Can the S&P 500 Hold Above 7,000 After SpaceX’s Largest IPO in History
The S&P 500 (SPX) index trades near 7,421 after SpaceX completed the largest IPO in history. The index is correcting from its record high of 7,620.90 as the $75 billion debut absorbs liquidity. SpaceX (SPCX) sold 555.56 million shares at $135 each, valuing the company at nearly $1.77 trillion. Traders now watch whether the index...
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