Investors betting that more old-world auto companies are in line to benefit from the boom in artificial intelligence got another stamp of approval from Wall Street.
Pedestrians on Broad Street near the New York Stock Exchange (NYSE) in New York, US, on Tuesday, May 26, 2026. Wall Street kicked off the holiday-shortened week with stocks joining bonds higher as hopes for a peace deal between the US and Iran overshadowed military strikes in the Persian Gulf.
A seemingly boundless rally in space-related firms is showing further signs of weakness, with several stocks stumbling for a second day on Monday, as the public debut of Elon Musk’s SpaceX looms.
SpaceX facilities in Hawthorne, California, US, on Monday, April 13, 2026. SpaceX has filed confidentially for an initial public offering, according to people familiar with the matter, bringing billionaire Elon Musk's rocket, satellite and AI company closer to delivering the biggest-ever listing.
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