Wall Street closes lower as chip selloff and oil surge weigh on markets

SpaceX shares traded down about 5% after Altman criticized Musk’s space-based data center plans as unproven.

Likely limited follow-through unless new evidence or filings emerge; watch for volatility around further comments.

The article ties the move to a public back-and-forth and notes the concept is still in development, implying limited incremental fundamentals.

FuboTV shares rose after naming former Disney+ president Alisa Bowen as chief executive officer.

Short-term upside bias possible on execution expectations; magnitude uncertain without guidance or financial details.

The article reports a specific leadership change but provides no quantified financial impact, so the effect is likely sentiment-driven.

SK Hynix shares fell sharply as investors took profits after its recent Nasdaq debut and reassessed valuation.

Further downside or choppy trading possible if valuation concerns persist; catalysts likely depend on post-debut fundamentals.

The article attributes the move to positioning and valuation reassessment rather than a new fundamental event.

Agenus shares nearly doubled after announcing an oversubscribed private placement of up to $340 million for immunotherapy development.

Near-term support likely, though dilution risk may cap upside depending on terms not provided here.

The article includes a concrete financing size and purpose, which is a direct catalyst for the stock.

Twin Vee PowerCats shares surged over 370% after agreeing to merge with a subsidiary of USFM Corporation and privatizing its marine business.

Expect continued volatility around deal terms, financing, and closing conditions; direction depends on valuation and structure.

The article reports a specific merger agreement and privatization, which typically drives immediate repricing.

First Hawaiian agreed to acquire TriCo Bancshares to build a Pacific banking franchise and expand into California.

Likely positive near-term reaction, with follow-through dependent on deal economics and regulatory approvals.

The article states the acquisition and strategic rationale but omits deal price and expected impact.

Greenfire Resources plans to raise at least C$575 million via a rights offering to repay bridge financing tied to its proposed Connacher acquisition.

Near-term pressure possible from dilution, partially offset by reduced financing risk.

The article provides the raise size and purpose, but not pricing or expected dilution.

Morgan Stanley is listed as one of the major banks reporting next, setting expectations for loan growth and investment banking activity.

Stock reaction will depend on the actual earnings print; this article alone is not a catalyst.

The mention is in a calendar context, not a new MS event or guidance.