Danny Boyle's high-energy drama about Murdoch's early years in UK newspapers has opened at the Venice Film Festival – and its flattering portrayal of the man himself is causing debate. Rupert Murdoch is one of the most influential media figures of the last half-century
IAS officer suspended after arrest over KPSC recruitment exam rowThe Karnataka government has suspended IAS officer Gyanendra Kumar Gangwar after his arrest in a case involving alleged corruption in recruitment conducted by the Karnataka Public Service Commission Published on: Sep 4, 2026
The new film by Irish director Martin McDonagh stars John Malkovich as a 1970s agent wrestling with his conscience and in danger of spilling secrets. It's a spy yarn with real bite. Martin McDonagh loves to make films about two men of different ages swearing at each other in scenic locations
‘I panicked’: Pune founder finds secret WhatsApp group, expects office gossip. Then this happensA Pune founder’s reflection on finding a secret WhatsApp group created by his team members has prompted varied responses on LinkedIn. Updated on: Sep 4, 2026
Where is Michael J. Fox now? Inside actor's life after Parkinson's diagnosis amid video with Harrison FordMichael J. Fox returned to the spotlight with Harrison Ford in “Shrinking” and a Parkinson’s PSA, while continuing advocacy and occasional media appearances. Updated on: Sep 4, 2026
Chandrababu Naidu’s techno-utopian vision for his Indian stateHas Andhra Pradesh’s tech-savvy chief minister bitten off more than he can chew? Published on: Sep 4, 2026, 08:01:36 IST The Economist Prefer HTon Google Share via Copy link As he tells the story, Chandrababu Naidu smiles
‘Half the inmates are drug addicts in Punjab’; HC says requires highest priorityThe bench of acting chief justice Ashwani Kumar Mishra and justice Rajesh Gaur also directed Haryana and Chandigarh to provide similar data about the jail inmates in their respective jurisdictions to check the
Rainfall to continue in HP till September 9: IMDAccording to IMD officials, light to moderate rain is likely at many places over the state with heavy rain likely at isolated places till September 5 Published on: Sep 4, 2026, 08:00:20 IST By HT Correspondent
SpaceX’s retail-powered debut helps steady shaky markets
SpaceX’s retail-powered debut helps steady shaky markets
SpaceX’s retail-powered debut helps steady shaky markets
A crucial element in SpaceX’s soaring IPO was the army of do-it-yourself traders who bought some $118 million of SpaceX stock on the first day of trading.
Published on: Jun 14, 2026 2:06 PM IST WSJ Prefer HTon Google Share via Copy link For the first time in weeks, investors had jitters. About the war in the Middle East. About the runaway chip rally. About higher interest rates. Then came the SpaceX IPO. People monitoring stock prices on their phones as SpaceX shares began trading Friday. The space-exploration company’s market debut went off without a hitch on Friday, instantly making Elon Musk’s rocket company one of the highest-valued in the U.S., at a market capitalization of $2.1 trillion. One crucial ingredient for the stock’s double-digit price surge proved to be a massive wave of do-it-yourself traders, who bought some $18 million of SpaceX stock in the first 20 minutes of trading, according to Vanda Research. By the end of the day, net retail purchases totaled roughly $118 million—the biggest IPO for individual investors in recent history, Vanda analysts said. “This seems to be the ultimate FOMO IPO,” said Zaid Admani, a 34-year-old investor and podcast host, referring to the acronym for “fear of missing out.” Admani spent the day glued to his ultrawide monitor, watching SpaceX stock. “Everyone wants a piece of this thing.” The widespread enthusiasm was a welcome end to one of the most volatile weeks in markets this year. And it wasn’t just SpaceX that benefited. Almost everything else rose on Friday: banks and financial firms, semiconductor stocks, even shares of smaller companies—extending gains sparked by the latest signs of an end to fighting in the Middle East. People gather in Times Square on Friday, SpaceX’s first day of trading on Nasdaq. Analysts said the reception to SpaceX was a good omen for two major artificial-intelligence IPOs expected later this year. It was also an encouraging sign that investors might not have totally soured on riskier tech bets, hit in recent days by worries about the artificial-intelligence rally, higher rates and the war. For weeks, U.S. stocks had marched higher, powered in large part by a frenetic rally in shares of semiconductor firms making big profits off the AI boom. Some chip companies have seen their share price double or triple. As indexes notched back-to-back records, mom-and-pop investors piled in: Total volume for both retail stock and options trades reached new records in May, according to Citadel Securities. But things turned choppy in the first few days of June. A better-than-expected jobs report on June 5 sparked fears that the Federal Reserve might have to raise borrowing costs. The Nasdaq tumbled 4.2%. President Trump threatened to resume U.S. attacks on Iran; oil prices rose. And traders were once again getting nervous that the staggering momentum of the AI investing boom couldn’t last. As volatility surged, individual investors took a step back. Last Friday’s drawdown marked the biggest day for retail selling in over a year, according to JPMorgan analysts. Some began to worry that market conditions could spook investors ahead of the coming mega IPOs. Enter SpaceX, whose debut helped assuage any doubts that traders were losing their appetite for more speculative plays. For some, including Allen Tran, founder of the investing community HaiKhuu Trading, the volatility was the point. Tran bought and sold SpaceX for a 10% return in a matter of a few minutes, and rode a rebound in shares of Tesla when he saw the stock had dropped after SpaceX’s debut. In total, he took home a tidy five-figure return. “I’m probably going to get some steak this weekend,” he said. “Thank you Elon.” Individual investors were among those in high spirits outside the Nasdaq in Times Square Friday. Individual investors alone requested around $100 billion of shares in the SpaceX IPO, The Wall Street Journal reported Friday. Now, the coming days pose new tests. The parabolic rise in chip stocks still has many recalling the surges, and eventual end, of the dot-com boom. The latest reports of a nearing peace deal have lowered oil prices, easing some worries about inflation and relieving some pressure on the bond market. But renewed fighting could reverse that quickly. Friday’s rally may prove to be more a measure of Musk’s cult status than an overall read on the market’s appetite for risk, said Michael Rosen, chief investment officer at Angeles Investments. “The strong performance is indicative of a more risk-taking mode,” Rosen said. Still, he added, “I think there’s an aura around Elon that makes this rather specific.” One key question is whether the enthusiasm fueling gains in a relatively small group of crowded bets can broaden to the rest of the market. Some investors expressed concern that the recent rally was looking narrow, leaving indexes more susceptible to a pullback. Despite those concerns, real estate, consumer staples and healthcare stocks all ended the week higher, lifted by investors hunting for havens from the chip-stock turbulence. And the equal-weighted S&P 500 index—which weights member companies equally, not by market value—is still hovering near records, a sign investors are buying more than tech, wrote Chris Verrone, chief market strategist at Strategas, in an afternoon note. “There might be a time when we need to get more worried about breadth, but it’s probably not with the equal-weight S&P 500 at the highs,” he wrote. Write to Hannah Erin Lang at hannaherin.lang@wsj.com Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator Home/Business/SpaceX’s Retail-powered Debut Helps Steady Shaky Markets See LessFor the first time in weeks, investors had jitters. About the war in the Middle East. About the runaway chip rally. About higher interest rates. Then came the SpaceX IPO.
The space-exploration company’s market debut went off without a hitch on Friday, instantly making Elon Musk’s rocket company one of the highest-valued in the U.S., at a market capitalization of $2.1 trillion. One crucial ingredient for the stock’s double-digit price surge proved to be a massive wave of do-it-yourself traders, who bought some $18 million of SpaceX stock in the first 20 minutes of trading, according to Vanda Research.
By the end of the day, net retail purchases totaled roughly $118 million—the biggest IPO for individual investors in recent history, Vanda analysts said.
“This seems to be the ultimate FOMO IPO,” said Zaid Admani, a 34-year-old investor and podcast host, referring to the acronym for “fear of missing out.” Admani spent the day glued to his ultrawide monitor, watching SpaceX stock. “Everyone wants a piece of this thing.”
The widespread enthusiasm was a welcome end to one of the most volatile weeks in markets this year. And it wasn’t just SpaceX that benefited. Almost everything else rose on Friday: banks and financial firms, semiconductor stocks, even shares of smaller companies—extending gains sparked by the latest signs of an end to fighting in the Middle East.
Analysts said the reception to SpaceX was a good omen for two major artificial-intelligence IPOs expected later this year. It was also an encouraging sign that investors might not have totally soured on riskier tech bets, hit in recent days by worries about the artificial-intelligence rally, higher rates and the war.
For weeks, U.S. stocks had marched higher, powered in large part by a frenetic rally in shares of semiconductor firms making big profits off the AI boom. Some chip companies have seen their share price double or triple. As indexes notched back-to-back records, mom-and-pop investors piled in: Total volume for both retail stock and options trades reached new records in May, according to Citadel Securities.
But things turned choppy in the first few days of June. A better-than-expected jobs report on June 5 sparked fears that the Federal Reserve might have to raise borrowing costs. The Nasdaq tumbled 4.2%. President Trump threatened to resume U.S. attacks on Iran; oil prices rose. And traders were once again getting nervous that the staggering momentum of the AI investing boom couldn’t last.
As volatility surged, individual investors took a step back. Last Friday’s drawdown marked the biggest day for retail selling in over a year, according to JPMorgan analysts. Some began to worry that market conditions could spook investors ahead of the coming mega IPOs.
Enter SpaceX, whose debut helped assuage any doubts that traders were losing their appetite for more speculative plays. For some, including Allen Tran, founder of the investing community HaiKhuu Trading, the volatility was the point.
Tran bought and sold SpaceX for a 10% return in a matter of a few minutes, and rode a rebound in shares of Tesla when he saw the stock had dropped after SpaceX’s debut. In total, he took home a tidy five-figure return.
“I’m probably going to get some steak this weekend,” he said. “Thank you Elon.”
Individual investors alone requested around $100 billion of shares in the SpaceX IPO, The Wall Street Journal reported Friday.
Now, the coming days pose new tests. The parabolic rise in chip stocks still has many recalling the surges, and eventual end, of the dot-com boom. The latest reports of a nearing peace deal have lowered oil prices, easing some worries about inflation and relieving some pressure on the bond market. But renewed fighting could reverse that quickly.
Friday’s rally may prove to be more a measure of Musk’s cult status than an overall read on the market’s appetite for risk, said Michael Rosen, chief investment officer at Angeles Investments.
“The strong performance is indicative of a more risk-taking mode,” Rosen said. Still, he added, “I think there’s an aura around Elon that makes this rather specific.”
One key question is whether the enthusiasm fueling gains in a relatively small group of crowded bets can broaden to the rest of the market. Some investors expressed concern that the recent rally was looking narrow, leaving indexes more susceptible to a pullback.
Despite those concerns, real estate, consumer staples and healthcare stocks all ended the week higher, lifted by investors hunting for havens from the chip-stock turbulence. And the equal-weighted S&P 500 index—which weights member companies equally, not by market value—is still hovering near records, a sign investors are buying more than tech, wrote Chris Verrone, chief market strategist at Strategas, in an afternoon note.
“There might be a time when we need to get more worried about breadth, but it’s probably not with the equal-weight S&P 500 at the highs,” he wrote.
Write to Hannah Erin Lang at hannaherin.lang@wsj.com
Source: HindustanTimes
Related Posts: Shaky, nervous Canada's Conservatives on shaky ground as MP defects to Carney's Liberals 7.8% GDP growth claim shaky NSE chief proposes retail barriers to entry on derivative markets amidst speculation losses SpaceX share price drops below stock market debut SpaceX files for stock market debut that could make Elon Musk a trillionaire SpaceX debut draws a crowd Elon Musk's SpaceX raises $75bn ahead of record stock market debut Wall Street ends higher as SpaceX's market debut dominates What is Roi? AI powered powered personal financing app acquird by OpenAI
Bethlehem Kudumba Unit writer Kiran Josey reacts to Ohm Shanti Oshana comparison, working with Nivin Pauly | InterviewBethlehem Kudumba Unit, the Malayalam film co-written by Kiran Josey and Girish AD, opened to glowing reviews and has emerged as a huge box office success. Published on: Sep 4, 2026
2 hours ago
The sheer size and noise of data centres are what people tend to notice first. Some say they sound like a jet plane about to take off, others complain of a high-pitched whine. When Lucy* puts her child to bed, she hears a constant humming. "I'll hear it and think, 'What is that? What is going on?'
2 hours ago
The Supreme Court stated the Bar Council of India lacks disciplinary power over law students. Such authority rests solely with the educational institutions where students are enrolled. The Bar Council can only act after a student graduates and registers as an advocate
2 hours ago
Why get an MBA when you can watch a sports documentary?Business schools are running out of management ideas, but dressing rooms are full of them Published on: Sep 3, 2026, 21:27:47 IST The Economist Prefer HTon Google Share via Copy link The world’s top business schools have long debased
2 hours ago
India attracted $136.3 billion in foreign exchange inflows through special measures, the Reserve Bank of India said on Wednesday. The inflows boosted the country’s foreign exchange reserves and strengthened the central bank’s efforts to defend the rupee against external shocks amid global
2 hours ago
Chelsea have had a few remarkable transfer summers since their forced sale from Roman Abramovich's control in May 2022. Once again they were big spenders, outlaying £349m on 11 signings such as Morgan Rogers, Maxence Lacroix and Emiliano Martinez
2 hours ago
ISRO has begun the countdown for a significant satellite launch. This mission will deploy India's first imaging satellite from geosynchronous orbit. The GSLV-F17 rocket is scheduled for liftoff early on September 4. This marks the 19th flight for India's Geosynchronous Satellite Launch Vehicle
3 hours ago
Several users across the globe have reported issues accessing and using major generative AI platforms, according to the outage-tracking website Downdetector. The website includes OpenAI’s ChatGPT, Anthropic’s Claude and XAI’s Grok According to data from Downdetector
2 hours ago
Salman Khan’s Bigg Boss Season 20 is set to launch on September 6, 2026, streaming at 9 pm on JioHotstar, followed by a repeat telecast on Colors TV at 10:30pm. Salman Khan is back, and so is the annual guessing game over who’s walking into the Bigg Boss house — and how much the superstar is
2 hours ago
September is shaping up to be a crucial month for US immigration applicants, with changes affecting green cards, H-1B workers, international students and immigrant visa applicants taking effect or moving closer to implementation. Several developments have firm dates, while others remain proposals
2 hours ago
The India findings of the Microsoft Work Trend Index (WTI) 2026 paint a rosy picture about AI adoption in the country. However, it puts the onus on leaders to scale up the adoption for it to bear fruit at a larger scale. India is emerging as the biggest hub for “Frontier Professionals”
2 hours ago
When Bangladesh’s Foreign Minister Khalilur Rahman told parliament last week that Dhaka would view an invitation to join the Mecca Joint Defence Agreement positively, he framed the country's possible participation as “a measure for the self-defense of the global Muslim community”
3 hours ago
Canva’s 100 feature milestone stitches Docs and more deeper into the workplaceCanva’s latest updates underlines a bigger ambition, to the fragmented workplace tools, bringing everything into a connected Visual Suite proposition Published on: Sep 3, 2026
2 hours ago
Op Sindoor planner tied to choosing terror targets in Pakistan: Who is Ram Temple CEO Jeetendra Mishra?Jeetendra Mishra accompanied Prime Minister Narendra Modi to the Adampur air base in Punjab after Operation Sindoor. Updated on: Sep 3, 2026, 08:00:02 IST By Rahul Singh
1 days ago
Banks’ 'Certificate of Deposits' rates dip as FCNR flows hit $127 billionThe RBI’s scheme for attracting foreign currency deposits from NRIs has boosted banking-system liquidity, reducing banks’ need to raise funds through CD's. Updated on: Sep 3, 2026
1 days ago
WASHINGTON — The Trump administration is wading into a legal fight between OpenAI and the New York Times, backing the ChatGPT-maker's argument in a closely watched case over how it builds its AI technology by ingesting and processing millions of news articles
1 days ago
John Ternus has officially taken over as Apple CEO, succeeding Tim Cook, who has transitioned to Executive Chairman. In his first letter to the employees, Ternus thanked everyone for their support and expressed his appreciation for Cook's leadership
1 days ago
IAF veteran, Delhi businessman, lawyer, RSS worker: Meet Ram Temple Trust’s new facesJeetendra Mishra, the Ram Temple trust’s first CEO, is an IAF veteran. He was also among the senior planners of Operation Sindoor. Updated on: Sep 3, 2026, 07:42:26 IST By Pawan Dixit | Edited by Priyanshu
1 days ago
Controversy is swirling around Rachel Cusk's new novel and its movie-star protagonist named "M". Why the fuss – and could the character be based on Natalie Portman? From Truman Capote mining the secrets of his high society friends for his writing to The Devil Wears Prada's Miranda Priestly
1 days ago
Apple is expected to unveil the iPhone 18 Pro series on September 9, with pre-orders reportedly opening later than usual on September 12 and sales beginning on September 18. Apple is expected to unveil its next-generation iPhone 18 Pro range at a special event on September 9
1 days ago
Indian envoy to US Vinay Kwatra rings Nasdaq bell, hails economic ties between nationsFirst opened in 1971, the Nasdaq is one of the world’s two largest stock exchanges by market capitalization alongside the New York Stock Exchange. Updated on: Sep 2, 2026
1 days ago
Lego Skylines, John Ternus, and assessing Qubo R700 before the pollution spikeBeyond the regular noise, a closer look at personal technology. 03 September 2026. Published on: Sep 3, 2026, 08:00:22 IST By Vishal Mathur Prefer HTon Google Share via Copy link Opening thoughts. There was a time
1 days ago
India retains status as fastest-growing large economy with latest GDP growth of 7.8%: KwatraIndia retains status as fastest-growing large economy with latest GDP growth of 7.8%: Kwatra Published on: Sep 3, 2026, 07:22:47 IST PTI Prefer HTon Google Share via Copy link New York, India's 7
1 days ago
Did Travis Kelce’s ex Kayla Nicole really ‘expose’ him? Viral cheating and $5M claims debunkedThe viral Kayla Nicole and Travis Kelce claims raise questions about cheating, $5 million, and what Nicole actually said. Published on: Sep 3, 2026
1 days ago
It is a one-time voluntary disclosure scheme contained in Chapter IV (sections 130 to 144) of the Finance Act, 2026. It enables eligible taxpayers to declare certain undisclosed foreign assets, undisclosed foreign income, or undeclared foreign assets, on payment of a specified tax or fee
1 days ago
For almost two decades, Lady Victoria Beckham has been trying to prove that she is more than simply Posh Spice. Now, her fashion and beauty business has reached a milestone many doubted it would achieve: profitability. Victoria Beckham Holdings announced an operating profit of £7
1 days ago
Spotify will not ban AI-generated music but will focus on preventing impersonation. The company introduced AI Credits for artists to disclose AI usage in songs. New AI Persona badges will identify profiles that appear to be AI-generated. This approach aims to inform listeners and protect genuine
1 days ago
