Torrid Rally
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Stocks take a breather on Wednesday as torrid rally cools — putting potentially historic S&P 500 winning streak in jeopardy
The powerful stock-market rally took a breather on Wednesday after a solid stretch of gains. As of the closing bell, the S&P 500 had wiped out its advance from earlier in the week, placing a lengthy weekly winning streak in jeopardy.
Torrid Rally in Rocket Stocks Falters as SpaceX IPO Draws Close
SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing.
Torrid Rally in Rocket Stocks Falters as SpaceX IPO Draws Close
SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing.
South Korea's KOSPI craters nearly 9% as Fed fears hammer tech stocks
South Korea's KOSPI craters over 8% as Fed fears spark tech rout SEOUL, June 8 : South Korea's stock benchmark plunged over 8 per cent on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy market that had powered the broader AI rally. The KOSPI fell 8.3 per cent to close at 7,484.41, marking its biggest daily fall since March 4. The index is now 15 per cent below the peak of 8,801.49 hit on June 2.