Stocks in the U.S. communications services lost ground.
SpaceX closed at $131, below its IPO level of $135 for the first time, after briefly breaching that mark Wednesday. Meanwhile, the satellite and rocket company was gearing up for two missions on Thursday. It planned to conduct its 13th heavy-duty spacecraft Starship test flight. The company also planned to launch a batch of defense satellites for the Space Development Agency.
Verizon Communications is cutting roughly 3,000 workers as the company plans to divest itself of 274 retail stores to franchise owners, according to a company spokesman. Verizon would still own about 1,000 retail stores after the divestment.
Trump Media & Technology Group said it plans to launch a data feed that gives real-time access to posts from the highest-ranking accounts on its Truth Social platform.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
