SpaceX shares fell 6.8% on their first day of trading on the Nasdaq, anchoring a broader selloff in technology stocks that weighed heavily on US equity indices.
The aerospace company's debut was marked by heightened volatility, with the stock sliding sharply following a previous session drop, according to market reports from Jornal Economico.
The decline in tech shares dragged Nasdaq futures down approximately 2% in early trading.
The decline in tech shares dragged Nasdaq futures down approximately 2% in early trading.
Despite the pressure from the technology sector, defense and energy stocks helped support the broader indices, preventing a more severe market-wide downturn.
This divergence highlights a rotation in investor sentiment, with capital flowing toward sectors perceived as more resilient amid current market conditions.
Market participants are closely monitoring the stability of SpaceX's stock as it establishes a trading range.