Stock Market Today: Nasdaq 100 Rebounds From OpenAI Scare, T-Mobile Tumbles 12%
The Nasdaq 100 recovers from Thursday's OpenAI-driven selloff while T-Mobile sinks 12% on SpaceX's spectrum deal and the 10-year yield holds near 5.26%.
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ASTS stock plunges 15% as SpaceX expands Starlink. Could gains in SpaceX shares offset ASTS-driven losses in the Procure Space ETF?
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The Nasdaq 100 recovers from Thursday's OpenAI-driven selloff while T-Mobile sinks 12% on SpaceX's spectrum deal and the 10-year yield holds near 5.26%.
AST SpaceMobile Inc. (NASDAQ: ASTS) stock trades lower on Friday after SpaceX discloses an 800 MHz spectrum acquisition deal, heightening competition in satellite direct-to-device connectivity.
The SpaceX spectrum deal sent AT&T, Verizon and T-Mobile down about 7% premarket. Elon Musk cheered the deal.
TD Cowen analyst Gautam Khanna maintains Rocket Lab (NASDAQ:RKLB) with a Buy and lowers the price target from $120 to $90.