SpaceX Market Cap Reaches $3 Trillion

Microsoft (MSFT) shares fell 2.2% over the past 24 hours to $378.87, with the RSI dropping to 26, entering oversold territory. The MACD remains below the signal line at -4.07, confirming short-term weakness. The stock is trading below its 20-day simple moving average of $391.50, which has now become a resistance level. News of SpaceX reaching a $3 trillion market valuation may add further pressure on MSFT, as it raises concerns about potential shifts in competition and investment focus within the technology sector. While the short-term downtrend is likely to continue, some buying on the dip may occur due to oversold conditions.

Amazon (AMZN) stock is trading below both its 20-day and 50-day moving averages, with the RSI approaching oversold territory at 32.9. The MACD line is below the signal line and in negative territory, indicating weak short-term momentum. News of SpaceX's market value increase could create a perception of indirect competition with Amazon's own space venture, Project Kuiper, but no direct impact is expected. The combination of technical weakness and neutral news flow suggests near-term direction uncertainty.