Stock Market Today: ORCL Tumbles, MU & STX Rally, SpaceX IPO Friday

Stocks rallied sharply after President Trump canceled planned strikes on Iran, with the Nasdaq leading gains at +3.3%. Oracle fell 8.5% despite beating estimates due to debt concerns, while Micron and Seagate rose on price target hikes. Space stocks also rallied ahead of SpaceX's public debut.

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Stock Market Today: ORCL Tumbles, MU & STX Rally, SpaceX IPO Friday

ORCL; MU; STX; SATS; RKLB; ASTS

Micron → 1250
Seagate → 920

ndx

The Nasdaq gained the most rallying 3.3%

rut

The Russell tacked on 3%

Sam Vardis

Stocks surged after President Trump canceled planned strikes against Iran following approved negotiations. The Nasdaq gained 3.3%, Russell 2000 added 3%, Dow rose 1.9%, S&P 500 gained 1.8%.
Sam Vardis

Oracle initially set a sour tone for tech after shares tumbled 8.5% despite beating earnings and guidance estimates, as investors took issue with the company doubling its debt financing for 2027 to $40 billion.
Sam Vardis

Micron and Seagate shined a brighter spotlight on tech after getting price target hikes. Wolf Research raised Micron target to $1250 from $550, pushing shares 11.6% higher. JP Morgan raised Seagate target to $920 from $775, Seagate gained 6.4%.
Sam Vardis

Space stocks rallied ahead of SpaceX's public market debut on Friday. EchoStar gained 11.2%, Rocket Lab up 9.3%, AST Space Mobile up 11.7%.

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