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Back Fundamental analysis
Market retreats from euphoria
The market pulled back on profit-taking
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The market pulled back on profit-taking in technology stocks. The Philadelphia Semiconductor Index and the Nasdaq Composite were among the hardest hit. Investors are gradually coming down from the euphoria tied to the SpaceX IPO and the end of the Middle East conflict. Big Tech has borne the brunt of the selloff. SpaceX's 50% rally over three days after its initial offering was the second-largest in history. The company's market capitalization closed at $2.66 trillion, surpassing Amazon. Intraday, it rose to
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Marek Petkovich,
Analytical expert of InstaForex
© 2007-2026
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Igor Kovalyov
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