Finance

SpaceX shares climbed nearly 9.5% on Tuesday, propelling the company's market capitalization past Amazon to become the fifth most valuable firm in the United States. This surge was partially driven by SpaceX's strategic $60 billion acquisition of the software firm Anysphere, aimed at expanding its footprint in the enterprise artificial intelligence sector.

Crude oil prices fell back to the $80 per barrel level as markets anticipated the normalization of global oil exports following the diplomatic breakthrough in the Middle East. The decline in energy costs has provided some relief to global inflation concerns, although the energy sector itself saw declines, with major firms like Exxon Mobil sliding on the news.

U.S. Treasury yields edged lower as the Federal Reserve began its first policy meeting under the chairmanship of Kevin Warsh. The 10-year yield settled around 4.44% as cooling energy prices eased immediate inflation fears, though investors remain cautious ahead of the formal central bank announcement scheduled for Wednesday.