SpaceX Rebounds as Nasdaq 100, S&P 500 & Nikkei 225 Decline

SpaceX shares staged a recovery on Tuesday after briefly falling below the $150 level at which the stock began trading following its recent Nasdaq debut. The rebound came despite broader weakness across global markets, where technology stocks, precious metals and risk-sensitive currencies faced renewed pressure. Investors closely monitored developments in SpaceX alongside declines in the Nasdaq 100, S&P 500 and Japan's Nikkei 225.

TL;DR 

• SpaceX recovered after briefly trading below its $150 debut level.

• The Nasdaq 100 and S&P 500 fell as semiconductor and AI-related stocks retreated.

• Japan's Nikkei 225 declined amid a sharp reversal in Kioxia shares.

• AUD/USD tested key technical support levels.

• Gold and silver prices weakened as markets assessed the prospect of higher interest rates.

SpaceX Stock Rebounds After Early Sell-Off

SpaceX shares came under pressure shortly after trading opened on Monday, 22 June, briefly falling below their $150 debut price before recovering slightly on Tuesday. The move highlighted continued volatility following one of the year's most closely watched market debuts. Investors appeared to balance profit-taking with longer-term optimism about the company's growth prospects. (Source: Yahoo Finance)

Nasdaq 100 and S&P 500 Slide as AI Trade Cools

US equities moved lower as the artificial intelligence-driven rally lost momentum. The Nasdaq 100 and S&P 500 declined after semiconductor stocks retreated, weighing on broader market sentiment. Investors reassessed valuations across technology companies following a prolonged period of gains, while uncertainty regarding the interest-rate outlook added to the cautious tone. 

Traders continue to monitor the performance of the NASDAQ 100 and S&P 500 for indications of whether the recent technology-led rally can regain momentum.

Nikkei 225 Falls on Kioxia Weakness

Asian markets also experienced pressure, with the Nikkei 225 slipping during Tuesday's session. According to Invezz, a sharp reversal in Kioxia Holdings shares contributed to the decline and weighed on broader market sentiment. The weakness followed a softer performance among US technology stocks and reinforced investor caution across the sector.  

AUD/USD Tests Technical Support

In currency markets, the AUD/USD pair traded towards new session lows and tested an important channel trend-line support area. Market participants continued to assess risk appetite, economic data expectations and central bank policy signals, all of which remain key drivers for the Australian dollar against the US dollar.  

Gold and Silver Lose Ground

Precious metals came under pressure as investors weighed the possibility of interest rates remaining elevated for longer than previously anticipated. Higher rates can reduce the appeal of non-yielding assets such as gold and silver, contributing to recent weakness in both metals.

According to CNBC, concerns surrounding the interest-rate outlook outweighed support from geopolitical uncertainty, leading traders to reduce exposure to precious metals.  

What Could Markets Watch Next?

Investors are expected to continue monitoring developments in technology stocks, central bank policy expectations and economic data releases. Market participants will also be watching whether SpaceX can maintain its recovery following recent volatility and whether pressure on precious metals and risk-sensitive currencies persists.

Conclusion

Global markets traded cautiously as technology stocks retreated, weighing on major equity benchmarks including the Nasdaq 100, S&P 500 and Nikkei 225. While SpaceX managed to recover from an early decline, precious metals and the Australian dollar remained under pressure as investors assessed interest-rate expectations and broader market conditions.  

*Past performance does not guarantee future results. The above is for marketing and general informational purposes only, and are only projections and should not be taken as investment research, investment advice or a personal recommendation.