Welcome to Markets Desk, here's what's moving right now.
Rivian is taking a beating in today's session, shares down thirteen percent after the EV maker announced a fresh stock sale that's rattled investor confidence. Wall Street is reading the move as a distress signal — when a cash-hungry automaker dilutes shareholders to stay liquid, the market rarely gives it the benefit of the doubt, and today is no exception.
Turning to the broader tape, the Nasdaq one hundred is leading the decline, off nearly one and a half percent as chipmakers pull back and drag technology names lower with them. The S and P five hundred is fractionally in the red, while the Dow is holding just barely above the flat line — a split session that tells you rotation is at work more than outright fear.
And on the artificial intelligence labor story worth watching, new research from Harvard Business School and INSEAD finds that AI-native startups are deliberately bypassing entry-level candidates, favoring experienced Silicon Valley veterans with elite credentials instead. It challenges the long-held assumption that young digital natives hold the edge in emerging tech, and raises real questions about access and opportunity in the next wave of the industry.
That's the tape. Markets Desk, signing off the floor.
