You're listening to Markets Desk, here's what's moving the needle right now.
Ukrainian drones punched through three layers of Russian air defenses around Moscow, striking a key oil hub in what Kyiv is calling one of its most significant long-range strikes of the war. President Zelenskyy confirmed the operation Thursday, and energy markets are watching closely given the facility's role in Russian petroleum infrastructure.
Staying with commodities and the chip supply chain, Micron's stock is climbing as analysts warn that demand for memory chips will continue to outpace supply well into the near term. The pressure isn't sparing anyone — even Apple is facing ballooning memory costs, which means margin compression could ripple through the consumer tech space before manufacturers can meaningfully add capacity.
And on the equity side, SpaceX wrapped up a remarkable first week on the Nasdaq with trading volume and deal activity that analysts are calling historic by almost any measure. From the sheer size of its first acquisition to the velocity of shares changing hands, the company's debut has reset expectations for what a private-to-public transition can look like at this scale.
That's the tape. Markets Desk, signing off the floor.
