Finance

SpaceX shares surged over 10% during the first full day of trading following a landmark initial public offering that valued the aerospace company at more than $2 trillion. The successful launch has set a high-performance benchmark for other major technology firms preparing for anticipated market debuts later in the year.

Global benchmark Brent crude futures plummeted nearly 5% to around $83 a barrel as the prospect of restored energy exports from the Persian Gulf eased supply fears. Simultaneously, U.S. Treasury yields hit one-month lows, with the 10-year note falling to 4.42% as lower energy costs led to a significant downward revision in inflation expectations.

Digital assets showed a moderate recovery with Bitcoin trading near $66,000, benefiting from the broader global relief rally. While Ethereum also posted gains of over 2% to start the week, analysts remain cautious as most major cryptocurrencies have yet to surpass their 2026 opening prices amid ongoing neutral price action.