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Markets2h 14m ago
Canada’s main stock index was up more than 300 points in late-morning trading.
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TORONTO
Who
S&P/TSX composite index, Dow Jones industrial average, S&P 500 index, Nasdaq composite
What
Canada’s main stock index was up more than 300 points in late-morning trading.
When
Fri, 12 Jun 2026 15:48:11 GMT · 2h 14m ago
Where
TORONTO ·
Why
Gains came as trading in SpaceX stock was set to begin for the first time, alongside strength in the base metal and financial sectors.
The Frontline Impact
How this affects you
Major North American stock indices, including Canada's S&P/TSX composite and key U.S. markets, experienced significant gains, signaling broad market optimism influenced by sector strength and initial SpaceX stock trading.
Story chain
14 events in this thread- Markets45m agoSpaceX's Nasdaq debut saw its valuation exceed $2 trillion, triggering a large wave of tokenized stock activity across crypto markets.Open article
- Markets1h 32m agoClear Street analyst Greg Pendy designated several stocks as either competitors or complementary plays to SpaceX ahead of its initial public offering on Friday.Open article
- Markets1h 47m agoElon Musk's SpaceX made a strong entrance into public markets on June 12, with its shares starting trade on the Nasdaq at $150 each, representing an 11 per cent gain over the initial public offering (IPO) price of $135.Open article
- Markets1h 59m agoThe dollar steadied on Friday amidst a week of economic and geopolitical volatility, highlighted by Middle East peace negotiations and a major SpaceX IPO.Open article
- Markets1h 59m agoThe dollar steadied on Friday, capping a week marked by significant economic and geopolitical events that sent ripples through global markets.Open article
- Markets1h 59m agoThe dollar steadied on Friday, capping a week marked by significant economic and geopolitical events that sent ripples through global markets.Open article
- Markets2h 0m agoMorningstar valued SpaceX at $63 per share, significantly below its indicative IPO price of $135 and bullish targets of $190.Open article
- Markets2h 0m agoSpaceX's shares jumped 17% on Friday, pushing its valuation above $2 trillion during its Nasdaq debut, following a record-setting $75 billion initial public offering.Open article
- Currently Reading2h 14m agoCanada’s main stock index was up more than 300 points in late-morning trading.
- Markets2h 14m agoCanada’s main stock index was up more than 300 points in late-morning trading, helped by strength in the base metal and financial sectors, while U.S. stock markets also surged higher.Open article
- Markets2h 41m agoU.S. stocks are rising Friday after oil prices fell again and as Wall Street waits for the highly anticipated debut of SpaceX coming later in the day.Open article
- Markets3h 40m agoU.S. stocks are drifting Friday as oil prices fell and Wall Street awaits the highly anticipated debut of SpaceX later in the day.Open article
- Markets4h 8m agoUS stocks drifted on Friday as falling oil prices supported sentiment, while investors turned their attention to the highly anticipated stock market debut of SpaceX.Open article
- Markets4h 11m agoU.S. stocks are drifting Friday as oil prices fell and Wall Street awaits the highly anticipated debut of SpaceX.Open article
Verified Sources & Citations
- HIGHThe Atlanta Journal-Constitutionhttps://www.ajc.com/news/2026/06/wall-street-drifts-ahead-of-highly-anticipated-market-debut-of-spacex/
- HIGHTimes of Indiahttps://timesofindia.indiatimes.com/business/international-business/us-stock-market-today-wall-street-steadies-as-oil-drops-spacex-debut-puts-ai-frenzy-to-the-test/articleshow/131686649.cms
- HIGHThe Atlanta Journal-Constitutionhttps://www.ajc.com/news/2026/06/us-stocks-drift-as-oil-falls-and-wall-street-waits-for-spacexs-debut/
- HIGHBarcharthttps://www.barchart.com/story/news/2433656/us-stocks-drift-as-oil-falls-and-wall-street-waits-for-spacex-s-debut
- HIGHBarcharthttps://www.barchart.com/story/news/2433656/us-stocks-rise-as-oil-falls-and-wall-street-waits-for-spacex-s-debut
- HIGHCP24 Torontohttps://www.cp24.com/news/money/2026/06/12/sptsx-composite-up-more-than-300-points-us-stock-markets-also-higher/
- HIGHBnn Bloomberghttps://www.bnnbloomberg.ca/business/2026/06/12/sptsx-composite-up-more-than-300-points-us-stock-markets-also-higher/
- HIGHTechStartups.comhttps://techstartups.com/2026/06/12/spacex-tops-2-trillion-valuation-after-shares-surge-17-in-historic-market-debut-on-nasdaq/
- HIGHCrypto Newshttps://crypto.news/morningstar-sounds-alarm-on-spacex-as-bulls-target-190/
- HIGHDevdiscoursehttps://www.devdiscourse.com/article/business/3934469-market-jitters-as-middle-east-peace-talks-and-spacex-ipo-shake-global-economy
- HIGHTimes Nowhttps://www.timesnownews.com/business-economy/markets/elon-musk-becomes-worlds-first-trillionaire-as-spacex-shares-list-at-11-premium-article-154583241
- HIGHCNBChttps://www.cnbc.com/2026/06/12/spacex-just-went-public-this-analyst-thinks-these-related-stocks-are-worth-buying.html
- HIGHCrypto Newshttps://crypto.news/spacex-debut-turns-tokenized-stocks-into-cryptos-hottest-sector/