Welcome to Markets Desk, your midday read on what's moving and why.
Equities pushed to record territory Friday, with the S and P five hundred adding four-tenths of a percent, the Dow up a similar margin, and the Nasdaq one hundred leading the charge at roughly two-thirds of a percent. Peace deal optimism and continued confidence in artificial intelligence spending drove the buying, with traders clearly willing to extend risk into the weekend.
Feeding directly into that AI theme, Micron Technology has crossed into the exclusive one trillion dollar valuation club, a milestone that underscores just how central high-bandwidth memory has become to the data center buildout. Micron is one of the world's leading suppliers of that critical hardware, and investors are pricing in a long runway of demand as AI infrastructure spending shows no signs of slowing.
Not every name in the space had a good session, though. Planet Labs saw its stock crater after a Blue Origin New Glenn rocket exploded on its launch pad overnight. Planet Labs had payload aboard, and the loss represents both a direct operational setback and a broader reminder that the commercial space supply chain carries real physical risk that balance sheets cannot always absorb gracefully.
That's the tape. Markets Desk, signing off the floor.
