ME News reports that, as of August 5 (UTC+8), according to BIT (bit.com) market data, U.S. markets opened higher: the Dow Jones rose 0.33%, the S&P 500 increased 0.56%, and the Nasdaq gained 0.39%. SpaceX plunged 10.5% amid concerns over its surging AI expenditures; on Thursday Eastern Time, 912 million SpaceX restricted shares are set to unlock, representing approximately $114 billion in market value based on the closing price on August 4—the largest lock-up expiration in U.S. capital markets history. AMD (AMD.O) fell 7% due to disappointing Q2 earnings and outlook. (Source: BlockBeats)
U.S. stocks open higher, SpaceX drops 10.5% ahead of 912 million share lockup expiry
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Summary
The Fear and Greed Index fell to 42 as U.S. stocks opened higher on August 5, with the Dow up 0.33%, the S&P 500 up 0.56%, and the Nasdaq up 0.39%. SpaceX declined 10.5% as traders prepared for the expiration of a 912-million-share lock-up valued at $1.14 trillion—the largest in U.S. market history. AMD dropped 7% following weak Q2 results. Open interest in tech stocks remains under pressure.
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