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Trump opens trading after being named Time’s “Person of the Year”

President-elect Donald Trump oversaw the opening of trading on the New York Stock Exchange Thursday, in something of a reminder of the unusual interest the New York real-estate developer and reality-television star takes in the direction of the market.

His previous administration openly stated that it saw the equity market as a kind of real-time report card on the administration, with Trump personally taking credit for rises in stock prices, repeatedly referring to “My Stock Market gains” and regularly touting new highs.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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