Finance

The much-anticipated public listing of SpaceX occurred today, with shares opening at $150 and climbing as high as $168.75 in initial trading. The debut, which values the aerospace firm at approximately $2.2 trillion, is being viewed as a critical barometer for market liquidity and risk appetite.

The University of Michigan's Consumer Sentiment Index rose to 48.9 in early June, surpassing analyst expectations as easing gasoline prices offered some relief to households. Despite this modest monthly recovery, overall sentiment remains historically low due to persistent concerns over long-term inflation and high interest rates.

Market probability for a rate hold at the upcoming FOMC meeting remains near 100%, with the target federal funds rate currently sitting at 3.50%-3.75%. Analysts have shifted their focus toward a potential rate hike in December, citing a resilient labor market and headline inflation accelerating to 4.2%.