Dow Jones and S&P 500 Climb Thursday as Wall Street Shakes Off Three-Day Slump Before SpaceX IPO

Wall Street recovered from a three-day losing streak on Thursday, with the Dow Jones up 0.7% and S&P 500 up 0.4% by noon. Chip equipment makers led gains, but momentum faded due to hotter-than-expected inflation data and Middle East tensions. SpaceX is expected to debut Friday at a $1.75 trillion valuation, with some analysts suggesting this week's tech weakness reflects investors liquidating positions to fund the historic IPO.