economy
Stocks making the biggest moves midday: SpaceX, EchoStar, Adobe, Seagate Technology, Charles Schwab & more
Here are the stocks making headlines in midday trading.
TL;DR
- SpaceX debuted on the Nasdaq, opening at $150 per share, up from its IPO price of $135.
- Other space stocks, including Rocket Lab, AST SpaceMobile, and Redwire, experienced declines.
- Chip stocks continued their recent rebound, with Arm and AMD among those showing gains.
- Energy stocks rose, but oil prices dropped.
- Adobe's shares fell after reporting a lower operating margin and announcing its CFO's departure.
- Charles Schwab's shares increased following a report of record net new assets and daily average trades.
- Lennar's stock shed 4% after its second-quarter revenue missed analyst forecasts.
- RH shares lost more than 6% after guiding for lower current-quarter revenue growth.