MARKETS SHAKEN: Tech Stocks Plunge, Musk’s SEC Battle Sparks Fear
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— Tech stocks took a beating on Monday, dragging down the S&P 500 and Nasdaq. Many investors are worried this could signal a bigger shift in the market. If it continues, retirement accounts and family savings across America could feel the pain.
Elon Musk is now under pressure as he faces a lawsuit from the SEC. He must respond soon, but details about the case are still scarce. Investors everywhere are watching for any fallout that could hurt his companies or even shake up Wall Street further.
Not all news was bad — healthcare stocks jumped after Corcept shared strong results from its ovarian cancer drug study. This gave some hope to traders looking for good news on an uneasy day.
In other headlines, the FAA closed one of two investigations into SpaceX’s Starship program but kept launches on hold for now. This move delays commercial space flights and puts more heat on Musk’s bold plans to lead America back into space exploration.
