--- title: "U.S. stock market midday update: SurgePays down 8.88% with increased volume, no positive support for capital flow is evident" type: "News" locale: "en" url: "https://longbridge.com/en/news/291833680.md" description: "SurgePays fell 8.88%; SpaceX fell 3.35%, with a transaction volume of USD 7.865 billion; Verizon fell 1.21%, with a transaction volume of USD 1.618 billion; AT&T rose 0.04%, with a transaction volume of USD 1.145 billion; T-Mobile US rose 2.41%, with a market value of USD 200.2 billion" datetime: "2026-07-06T18:07:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291833680.md) - [en](https://longbridge.com/en/news/291833680.md) - [zh-HK](https://longbridge.com/zh-HK/news/291833680.md) generator: "portal-rs" --- # U.S. stock market midday update: SurgePays down 8.88% with increased volume, no positive support for capital flow is evident **U.S. Stock Market Midday Update** SurgePays, down 8.88%, with increased trading volume and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** SpaceX down 3.35%. Based on recent key news: 1. On July 6, SpaceX was officially included in the NASDAQ 100 Index, triggering expectations of passive capital inflow. Many funds tracking this index need to buy SpaceX shares, leading to stock price fluctuations. Source: Zhitong Finance 2. On July 6, some investors expressed concerns about SpaceX's high valuation and financial risks, prompting a position-clearing action. The market is worried whether its fundamentals can support the current premium. Source: Wall Street Insight 3. On July 6, SpaceX's president announced a donation of approximately $5 million in stock to support the U.S. government's children's investment program, which attracted market attention but did not have a significant impact on the stock price. Source: Zhitong Finance. The tech IPO market is active, and investors need to pay attention to volatility risks. Verizon down 1.21%. Based on recent news: 1. On July 5, potential collaboration between SpaceX and Verizon attracted market attention. SpaceX may partner with Verizon to expand its satellite business, raising investor concerns about Verizon's future growth potential, impacting the stock price decline. 2. On July 5, Verizon's dividend yield was 6.5%, but the market expressed concerns about its long-term sustainability. Although Verizon's cash flow can support its dividend payments, investors worry that future market competition may affect its profitability, putting pressure on the stock price. 3. On July 6, analysts expressed optimism about Verizon's long-term dividend payment capability. Analysts believe Verizon's cash flow is in good shape to maintain a high dividend yield, which somewhat alleviated market concerns but failed to stop the stock price decline. The U.S. stock market has seen increased volatility recently, and investors should be cautious. AT&T up 0.04%. Based on recent key news: 1. On July 6, AT&T performed well in the diversified telecommunications services industry. Although its price-to-earnings ratio and price-to-book ratio indicate it is undervalued, its price-to-sales ratio suggests it is overvalued. AT&T's ROE, EBITDA, and gross margin outperform industry peers, indicating strong profitability. However, the low revenue growth rate may raise concerns about the company's future performance. Source: Benzinga. The telecommunications industry has strong profitability but is experiencing a slowdown in growth. **Stocks with High Market Capitalization in the Industry** T-Mobile US up 2.41%. Based on recent key news: 1. On July 6, Bank of America Securities upgraded T-Mobile US's rating from neutral to buy, believing that the market's concerns about low Earth orbit satellite competition are overstated, and T-Mobile is minimally affected by this threat, maintaining a target price of $220 2. On July 6th, T-Mobile US's stock holds significant weight in multiple ETFs, and any substantial inflow or outflow of funds will trigger automatic buying and selling, driving the stock price up. 3. On July 6th, UBS believes that Deutsche Telekom's recent stock price decline is excessive, as market concerns over its merger with T-Mobile US overshadow the company's solid operational performance, maintaining a buy rating. The telecommunications industry is under overall pressure, with significant capital inflows ### Related Stocks - [SURG.US](https://longbridge.com/en/quote/SURG.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [VZ.US](https://longbridge.com/en/quote/VZ.US.md) - [T.US](https://longbridge.com/en/quote/T.US.md) - [TMUS.US](https://longbridge.com/en/quote/TMUS.US.md) ## Related News & Research - [Amidst a Big Addressable Market, SpaceX Has Ample Scope for Sustained Growth](https://longbridge.com/en/news/297062883.md) - [Morgan Stanley sees a 'unique opportunity' in SpaceX stock after its plunge from post-IPO heights](https://longbridge.com/en/news/297211121.md) - [SpaceX disses and Eminem remixes: Inside David Einhorn's latest Greenlight letter](https://longbridge.com/en/news/296801532.md) - [SpaceX Is Spending Like a Foundry Before It Owns One. What SPCX Holders Should Watch.](https://longbridge.com/en/news/296952987.md) - [SpaceX Stock Just Crashed Below Its IPO Price: Here’s the Bull Case Nobody Can Ignore](https://longbridge.com/en/news/296934592.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**