Finance

The highly anticipated public debut of SpaceX saw shares surge over 19% on the first day of trading, signaling robust investor appetite for artificial intelligence and aerospace ventures. This successful launch helped lift broader tech indexes and offset mixed performance among other major AI semiconductor and software firms.

The Federal Reserve has kept the federal funds rate steady in the 3.50% to 3.75% range as officials monitor persistent inflation and labor market data. Analysts expect the central bank to remain on hold for the remainder of the year, with recent employment reports and war-driven price pressures tempering earlier calls for rate cuts.

Brent crude futures dropped significantly toward the end of the week, falling from highs near $97 per barrel to approximately $90 as prospects for a U.S.-Iran deal improved. The potential for increased global supply helped cool energy prices, which have faced volatility due to regional tensions and infrastructure challenges in major producing nations.