The company’s decision is the latest sign that Elon Musk is intent on holding the largest ever initial offering according to his preferences, upending Wall Street tradition.
Investors on Thursday latched onto the more encouraging aspects of mixed signals surrounding an end to war in the Middle East, pushing stocks higher and oil prices lower. Worries over AI weighed on tech, but other sectors did the heavy lifting, as attention now turns to U.S. employment data on Friday.