SpaceX Overtakes Amazon to Become Fifth-Most Valuable Company
6/16/20263 min
U.S. stocks close mixed, following Monday’s ferocious rally. Plus: JPMorgan pushes the Dow higher as the bank stock approaches its all-time high. Alexis Green hosts.
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First 90 secondsSpeaker 10:00
So there's a lot of noise about AI, but time's too tight for more promises. So let's talk about results. At IBM, we work with our employers to integrate technology right into the systems they need. Now, a global workforce of three hundred thousand can use AI to fill their HR questions, resolving ninety-four percent of common questions. Not noise, proof of how we can help companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business, IBM.
Alexis Green· Host0:30
Here's your closing bell brief for Tuesday, June sixteenth. I'm Alexis Green for The Wall Street Journal. US stocks ended mixed today after a ferocious rally on Monday. The Nasdaq was down one point two percent. The Dow inched up point six percent, and the S&P five hundred lost point six percent. Brent crude dropped below eighty dollars a barrel. Oil prices are now at their lowest level since the earliest days of the war, though still far higher than the roughly seventy-two dollar level seen before the conflict began. Investors are still waiting for clearer details about the agreement struck between the US and Iran, which both parties expect to sign Friday. Among individual companies, SpaceX shares pared gains after the rocket company overtook Amazon to become the world's fifth most valuable public company. The company's stock rose as much as seventeen percent in early trading before falling back. It ended the day nearly five percent higher, with SpaceX's market capitalization narrowly leapfrogging the e-commerce giant.