Finance

Following its landmark public debut, SpaceX shares rose more than 15% on Monday, bringing the company's market capitalization above $2 trillion. The successful offering has bolstered investor confidence in high-growth technology and aerospace sectors, potentially clearing a path for other major AI-focused companies to go public later this year.

Energy stocks faced heavy selling pressure as WTI and Brent crude prices dropped approximately 5% due to expectations of restored Middle Eastern exports. Major producers and refiners saw significant declines, contrasting with the performance of oil-importing industries like airlines, which rallied on the prospect of lower fuel costs.

Markets are closely monitoring the upcoming Federal Open Market Committee meeting, which will mark Kevin Warsh’s first press conference as Fed Chair. While interest rates are expected to remain steady, investors are focused on updated economic projections and the impact of recent 4% inflation readings on future policy decisions.