SpaceX becomes the first company to lose $1trillion in market value amid broader tech sector volatility and AI-driven sell-offs.
Gold prices fell below $4,000 as geopolitical tensions eased, removing the war premium from oil markets. The decline follows a week of heightened volatility in commodities and equities.
Tech stocks faced pressure, with Apple declining after price increases and broader concerns over an AI-driven bubble. SpaceX marked a historic loss, becoming the first company to shed $1trillion in market capitalization. Meanwhile, Micron surged on strong earnings and demand.
The shift reflects investor caution amid mixed signals from macroeconomic data and corporate performance.