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RBC Capital Markets reduced its 12-month price target from $70 to $50.
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The stock market typically performs well leading up to and during periods when companies are issuing new stocks, according to Deutsche Bank.
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Stock futures slip after U.S. launches additional strikes against Iran, oil rises: Live updates CNBCDow drops more than 900 points as chip sell-off worsens, Trump threatens more Iran attacks: Live updates CNBCUS stock futures dip on Iran escalation, Oracle losses Investing.comNew Middle East Clashes and Inflation Fears Spark Dow's Worst Day of 2026 WSJ
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Latest bout of selling comes ahead of SpaceX's historic market debut
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Oracle blew past earnings expectations and grew its contract pipeline to $638 billion, but Wall Street is concerned about its rising AI costs.
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Wall Street indexes fall more than 1%, hit by tech, Iran war worries ReutersStock market today: Dow, S&P 500, Nasdaq futures fall as US launches new strikes against Iran Yahoo FinanceStock futures slip after U.S. launches additional strikes against Iran, oil rises: Live updates CNBCStock Market Today: Dow, Nasdaq Open Lower; Inflation Rises to 4.2% — Live Updates WSJ
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Dow tumbles 700 points as oil jumps on Trump Iran threat, chip stocks continue falling: Live updates CNBCS&P 500 trades near new session low MarketWatchStock Market Today: Dow, Nasdaq Open Lower; Inflation Rises to 4.2% — Live Updates WSJWall St falls as tech losses, Middle East tensions deepen Reuters
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Losses for AI-linked stocks overshadow gains across rest of market
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