Good evening, this is Markets Desk with the stories moving markets right now.
SpaceX is set to join the Nasdaq one hundred, making it one of the first companies to benefit from the exchange's new fast-track inclusion framework. The move is significant, though the timing is complicated — SpaceX shares have tumbled since its record-breaking IPO, and bonds issued just days ago are already trading below par.
That turbulence fits a broader pattern. The Nasdaq is on pace for its worst weekly loss in more than a year, and the S and P five hundred is tracking a fifth consecutive decline. Some analysts are calling this the beginning of the end for the AI boom, though they warn of a potential blow-off rally before any sustained reversal takes hold.
Meanwhile, on the regulatory front, the Trump administration has granted some access to Anthropic's Mythos platform, easing friction with one of the most closely watched AI labs in the country. The concession signals a softening posture toward frontier AI, though market participants remain uneasy about Washington's ad hoc approach to oversight, which makes longer-term positioning difficult to calibrate.
That's the tape. Markets Desk, signing off the floor.
