Good morning, you're tuned in to Markets Desk, let's get you caught up.
Cotton futures took a meaningful hit in Thursday's session, with most contracts falling between one hundred thirty six and two hundred sixteen points. A crude oil selloff of over three dollars a barrel added to the pressure, and while the dollar index slipped slightly, export sales data did little to offset the broader commodity weakness.
Shifting from commodities to capital markets, two of the most consequential IPOs in recent memory are moving closer to reality. SpaceX and Anthropic are preparing to go public, and given their extraordinary valuations, index providers are already reconsidering how stocks qualify for benchmarks like the S and P five hundred. That means millions of Americans could find these names inside their four oh one k portfolios faster than any prior IPO has ever landed there.
And in the infrastructure space, a quieter but notable transformation is underway. Keel Infrastructure, formerly known as Bitfarms, is pivoting away from Bitcoin mining toward power-intensive AI workloads. The company is repositioning its data center assets to capture demand from artificial intelligence compute, a strategic shift that reflects just how aggressively capital is chasing the AI build-out right now.
That's the tape. Markets Desk, signing off the floor.
