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Home » Friday’s big stock news: What could move the market
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Friday’s big stock news: What could move the market

Editor-In-ChiefBy Editor-In-ChiefJune 12, 2026No Comments4 Mins Read
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Stocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox. As the Dow Jones Industrial Average soars more than 900 points, here’s what CNBC TV producers were watching and what they’re eyeing next. Friday’s SpaceX IPO is a big day. SpaceX will be a publicly traded company on the Nasdaq under the symbol SPCX. CNBC TV’s Morgan Brennan speaks with COO Gwynne Shotwell in the biggest interview of the morning. It will unfold on “Wake Up Call” at 5 a.m. ET. CNBC data guru Gina Francola crunches the numbers for this year’s initial public offerings. To date, 71 IPOs have raised nearly $36 billion. SpaceX’s IPO is expected to more than double that amount at $75 billion, making it the largest IPO in history. Oppenheimer called the stock a buy on Thursday. The company has a 12-month price target for SpaceX of $190. Already Out of This World: Owning SpaceX Before its IPO The ARK Venture Fund (in which SpaceX holds about 11% of the fund as its largest holding) hit a new all-time high last week. It rose 4% in one month and more than 70% in one year. The Baron Focused Growth Fund hit a new all-time high last week. He is also a major shareholder in SpaceX. It has increased about 8% in one month. Another space stock, Iridium Communications, hit new highs last week. The stock is currently down 7% from its high. The stock price is up more than 100% in three months. Virgin Galactic is up 96% in one month. The stock is down 35% from its June 1 high. The stock closed Thursday at $5.73. This is just a shadow of the April 2021 stock price of $634.86. Intuitive Machines rose 15% on Thursday. The stock is down 34% from its May high. The stock price has increased 66% in three months. Telesat has fallen 15% from its May 28 high. AST Space Mobile is down 27% from its May 28 high. Planet Labs is down 34% from its May 28 high. Rocket Lab is down 24% from its May 27 high. Howmett is up 6% from its May 7 high. IRDM 3M Mountain Iridium Communications Highest Price in Past 3 Months On Thursday, Ralph Lauren hit a record high. The stock is up 7% in a week and about 15% in a month. Citigroup is trading at levels not seen in the past 18 years. The stock rose nearly 10% in June. MetLife Life Insurance hit an all-time high on Thursday. The stock price rose 12% in one month. State Street hit its highest price in the session. The stock price rose 30% in three months. DaVita hit an all-time high on Thursday. The stock price has increased 31% in three months. CSX hit an all-time high. The stock has risen 17% in three months. SanDisk hit an all-time high today. Up 187% in 3 months. Steel Dynamics hit an all-time high today. The stock price rose 18% in one month. Prologis is at a four-year high. The stock is up 42% from its August 2025 low. Sectors so far this week… Consumer Staples is up almost 2% since the beginning of the week. This is by far the best S&P sector this week. Materials came in second place with an increase of 1.15%. Leading the way is Casey’s General Stores, up 20% in four days. The company has approximately 2,900 stores in 19 states. JM Smucker rose about 13% in four days. They scored on this week’s earnings call. Dollar General is up 10% in four days. This week, only four stocks in the 36-stock sector are negative: Tyson Foods, Archer Daniels Midland, Hershey, and Altria. For comparison, Target is up 8% in four days.



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