Here are the stocks making headlines in midday trading. SpaceX — Elon Musk's space company surged as it debuted on the Nasdaq, opening at $150 per share. Indications of interest initially suggested that the stock could start trading at $175, but the opening trade is still higher than the IPO price of $135 a share. Shares were last up about 20%. Space stocks — The group slid, reversing earlier gains. Rocket Lab lost 10%, while AST SpaceMobile dropped 14%. Redwire also fell 11%. EchoStar , which has a stake in SpaceX, declined about 13%. CoreWeave , Astera Labs — Nasdaq announced it would add five new companies to the Nasdaq 100 as part of its quarterly rebalance , effective June 22. CoreWeave jumped 9%, while Astera Labs gained almost 4%. Nebius Group and Teradyne advanced close to 6%. Rocket Lab is also slated to join the tech-heavy index. Chip stocks — Semiconductor companies saw their shares rise, extending a recent rebound for chip stocks. The VanEck Semiconductor ETF (SMH) was last up about 2%, while Seagate Technology and Western Digital each added about 6%. Arm popped almost 11% Woodside Energy Group — Shares of the Australian oil and gas company jumped more than 7% after Bloomberg News reported , citing people familiar, that Exxon Mobil is checking out possible acquisition targets including Woodside. Charles Schwab — The financial services giant saw shares rise more than 3% after reporting that core net new assets last month hit $49.9 billion, a 43% increase from a year earlier and a record for May. Daily average trades also hit a record 11.8 million, the firm said. Adobe — The software giant slipped more than 7% after reporting that its fiscal second-quarter non-GAAP operating margin came in at 44%, below the 44.5% estimate, per LSEG. The company also announced that CFO Dan Dunn would depart on June 15 to pursue a new opportunity. However, Adobe did post an overall beat on both the top and bottom lines in its last quarter. Lennar — The home construction stock shed 4% after its second-quarter revenue of $7.94 billion missed the $8.02 billion analysts had forecast, according to LSEG. Deliveries for the quarter also came in at 20,519, below the 20,541 estimate. Lennar's earnings of $1.24 per share were in line with estimates. AMD — The chipmaker rose 5% after getting an upgrade to buy from neutral at Citi. The bank said AMD can take some market share from Nvidia in the graphics processing unit space, boosting the company's earnings. Energy stocks — Energy-related names rose as the U.S. and Iran offered conflicting accounts of a draft agreement. The State Street Energy Select Sector SPDR ETF (XLE) advanced 1%. OneOK and Williams were both last up 2%. Oil prices dropped, however, with West Texas Intermediate crude futures last trading down 3%. Travel stocks — The pullback in oil boosted travel stocks. United Airlines advanced almost 2%, while Delta advanced 1%. Cruise operators Carnival and Royal Caribbean gained 2% and 1%, respectively. RH — The home furnishings company guided for current-quarter revenue growth of between 0.5% to 2.5%, less than the 4.3% analysts polled by LSEG had penciled in. For its last quarter, RH posted a narrower-than-expected adjusted loss and a revenue beat. Shares lost more than 6%. — Lisa Kailai Han and Nick Wells contributed reporting.
<small>Source: CNBC</small>
