CORRECTION (2026-07-12): An earlier version of this article included a key point and body lines stating SpaceX shares climbed and describing 'the private company's stock'. That material has been removed and adjacent wording lightly adjusted for readability; the substance of the article is otherwise unchanged. Corrected on 2026-07-12.
US stock markets posted broad gains on Wednesday, marking a tentative recovery for Wall Street following a volatile session characterized by heavy selling in the technology sector on Tuesday.
Investors appeared to rotate back into risk assets, seeking value in tech names that had been discounted during the earlier downturn.
The rebound reflects a shift in sentiment after several days of declines, with easing geopolitical tensions and continued strength in corporate earnings providing underlying support for the rally.
The Nasdaq and S&P 500 futures pointed higher at the open, signaling that the previous day's panic was largely viewed as an overreaction.