Finance

SpaceX successfully completed the largest initial public offering in history, with its shares soaring nearly 20% on the first day of trading. The event has reignited investor interest in the space and AI-related sectors, leading analysts to compare its potential growth trajectory to early Amazon while noting its significant impact on overall market liquidity.

Annual inflation in the United States accelerated to 4.2% in May, the highest level since early 2023, primarily due to an energy shock linked to the conflict with Iran. While core inflation remained more moderate at 2.9%, the data has led markets to price in potential rate hikes later in 2026 rather than the previously anticipated cuts.

Despite new highs for major indexes, market leadership has remained concentrated in technology and semiconductor firms, with over half of the S&P 500 stocks posting negative returns in recent periods. However, recent sessions have shown a notable rotation into small-cap and value stocks, with the Russell 2000 index outperforming larger peers on a weekly basis.