GoKawiilThis is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. If you took JPMorgan Chase CEO Jamie Dimon's recent warning about market risks to heart, it looks like you weren't alone. Stock futures are lower this morning after all three major indexes broke their three-day losing streaks. Here are five key things investors need to know to start the trading day:
1. X marks the spot
Samuel Boivin | Nurphoto | Getty Images
SpaceX shares rose 3% yesterday, snapping a seven-day losing streak. The Elon-Musk-led rocket company's gains on Tuesday came after it announced it will release its debut earnings report on Aug. 4, setting the stage for the expiration of a major share lock-up period. Here's what to know: SpaceX investors will be able to sell at least 20% of their locked-up shares on Aug. 6, the second trading day following its first earnings report.
Short sellers' bets against SpaceX now account for nearly a third of its publicly tradable shares.
SpaceX shares are down more than 23% from its debut closing price. The S&P 500
CNBC's Hugh Son reported yesterday that Goldman Sachs created a platform for its wealthy clients and family offices looking to invest in companies like SpaceX before they list on the public market.
created a platform for its wealthy clients and family offices looking to invest in companies like SpaceX before they list on the public market. Coming up after the bell today: All eyes will be on earnings reports from Tesla Alphabet
2. Barrel race
This picture shows ships sailing near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan on July 13, 2026. AFP | Getty Images
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