Welcome to Markets Desk, here's what's moving the needle right now.
The dollar index climbed to a thirteen-month high Tuesday, finishing up more than a third of a percent as equity markets sold off sharply. When stocks fall hard, traders reach for liquidity, and that flight to safety pushed the greenback higher. The Federal Reserve's projection of elevated rates for longer continues to provide a firm floor under the currency.
Staying in equities, HubSpot is drawing attention from analysts who argue the recent selloff in the stock is overdone. The company is actively deploying AI to expand its product suite and capture market share in the CRM space, and some on the Street see the current weakness as a buying opportunity rather than a warning sign worth heeding.
And on the macro stage, the potential merger between SpaceX and Tesla is back in conversation. SpaceX shares are down thirty-two percent from their peak, but the bull case centers on a joint semiconductor manufacturing venture, the largest vertically integrated chip plant in the world, which could fundamentally reshape the cost structure and long-term earnings power of both companies.
That's the tape. Markets Desk, signing off the floor.
