Finance

The Nasdaq Composite outperformed other major benchmarks with a 2.5% gain, led by a sharp recovery in semiconductor stocks. Micron Technology and SanDisk saw double-digit increases, helping to offset a nearly 9% decline in Oracle's share price following disappointing capital spending guidance.

Energy prices fell sharply as the threat of immediate strikes on Iranian oil infrastructure faded, with Brent and WTI crude futures each dropping over 1% on June 12. Simultaneously, Treasury yields eased from recent highs as the reduction in energy-related inflation fears led the 10-year yield down to approximately 4.46%.

SpaceX is scheduled to launch its initial public offering on June 12, 2026, seeking to raise roughly $75 billion at a valuation nearing $1.75 trillion. The offering has drawn intense interest from institutional giants like BlackRock, though some analysts suggest the massive liquidity draw could create short-term volatility for other high-growth assets like Bitcoin.