Good evening and welcome to Markets Desk, your close-of-day read on what moved markets and why.
Stocks closed in the red Thursday, with the Nasdaq one hundred bearing the brunt of the selling, off one point six two percent on the session. Chipmakers and artificial intelligence names led the retreat, dragging the S and P five hundred down half a percent and the Dow off about a fifth of a point. Risk appetite was clearly thin heading into the weekend.
Compounding the pressure in the tech space, SpaceX saw its shares slip below the one hundred thirty five dollar IPO price in after-hours trading after the company aborted its first Starship launch since going public in June. Elon Musk confirmed engine failures prevented liftoff at the South Texas Starbase facility. For a stock that debuted on enormous fanfare, a technical stumble this visible was never going to sit well with new shareholders.
Meanwhile, Satya Nadella made waves internally at Microsoft, reportedly telling staff that Anthropic's so-called Fable content restrictions, quote, don't make sense. The comments signal real tension inside a partnership Microsoft has invested heavily in, and suggest the company is actively pursuing model customization paths that keep enterprise data private and out of third-party guardrails.
That's the tape. Markets Desk, signing off the floor.
