shot down by Iran over the Straits of Hormuz, according to the US, taking the (SPY) down $26 from top to bottom. NASDAQ was down 4% at the lows. The crew was recovered, but Trump has promised retaliation.

the ChatGPT maker said on Monday, joining rival Anthropic in a push toward a ​stock market listing as it looks to tap into insatiable investor demand for AI shares. OpenAI did not disclose the size or terms of the offering and said a timeline has not yet been determined. "It ‌may be a while because there are things we want to do that are likely easier as a private company," it said in a statement.

to 4.1 million units annualized on a closing basis only. It’s the highest sales pace since December. Inventories rose to 1.55 million units MOM, up 3.2%, or a 4 ½ month supply when six months is considered normal. The median price of an existing home rose to $429,000, up 1.3% YOY, a new high. First-time buyers rose from 33% to 35%, the highest since June 2020.

The (SMH) ETF is now off more than 10% from the record high reached last week, and options traders are betting it will get worse. Put volume outnumbered call volume by a factor of four as of midday Tuesday, according to data from ThinkOrSwim, and traders bought more than five times as many puts as calls. Of the almost $350 million in premiums traded on SMH, $260 million was tied to puts, SpotGamma data show.

drawing more than $250 billion of investor demand for what stands to be the largest-ever IPO, dwarfing the $75 billion the firm is seeking to raise.  Long-only funds have put in what one source described as sizable orders. ⁠Musk briefly joined some Zoom meetings with potential investors.