Browsing: market

Wall Street closed lower on Thursday as market participants waited for a permanent settlement of the Middle East geopolitical conflicts. Moreover, earnings results of some corporate bigwigs were soft. All three major stock indexes ended in negative territory

Space Exploration Technologies (NASDAQ:SPCX), a rocket launch, spacecraft manufacturing, and satellite broadband services provider, closed at $133.11, up 15.83%. The stock rose after lockup fears eased, analysts turned more positive, and the company provided an update on its joint Terafab plans with Tesla. Trading volume reached 236.7M shares, coming in about 91% above its three-month…

DraftKings (NASDAQ:DKNG), a digital sports betting, fantasy sports, and iGaming platform, closed at $24.03, up 8.39%. Investors focused on prediction-market and customer-activity growth after Q2 results missed expectations. Trading volume reached 36.1M shares, coming in about 173% above its three-month average of 13.2M shares. DraftKings IPO’d in 2019 and has grown 145% since going public