Finance

The bond market reacted to conflicting economic data as May's Producer Price Index rose 1.1%, exceeding economist expectations and signaling persistent wholesale price pressure. However, 10-year Treasury yields actually eased toward 4.45% as falling oil prices tempered broader inflation fears and shifted expectations for future Federal Reserve interest rate hikes.

The anticipated market debut of Elon Musk's SpaceX, valued at roughly $1.8 trillion, has sparked a rally across the commercial space industry. While companies like Viasat and Intuitive Machines have seen significant gains in 2026, the sector remains a point of contention for analysts citing high capital requirements and elevated short interest in several peer firms.

While major chipmakers like Intel and Nvidia led a broad rebound in June, software giant Oracle faced an 8.5% decline due to higher-than-expected capital expenditures on AI infrastructure. Simultaneously, the energy sector has benefited from this technological boom, with North American midstream energy outlooks revised upward to reflect surging power demands from new AI data centers.