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SpaceX IPO Black Hole: Markets Sell Off as Capital Demand Surges
Markets closed sharply lower on Wednesday, with the S&P 500 falling 1.6% as investors continued rotating out of recent winners ahead of Friday’s record-breaking SpaceX IPO. Index Performance S&P 500: -1.60% → 7,267 Dow Jones: -1.87% → 49,918 Nasdaq 100: -1.98% → 28,508 Russell 2000: -1.10% → 2,835 Semiconductors Take the Hardest Hit The Philadelphia…