Finance

Financial markets are adjusting to a significant shift in interest rate expectations after warnings that the Federal Reserve may deliver multiple rate hikes before the end of 2026. This outlook has pushed the two-year Treasury yield to its highest point in 16 months, creating a challenging environment for stocks and non-yielding assets.

Energy markets have seen a notable decline in prices following signs of advancement in negotiations between Washington and Tehran. The temporary lifting of certain oil sanctions and reports of increased commercial traffic through the Strait of Hormuz have eased immediate supply concerns, bringing Brent crude down toward the $77 range.

Elon Musk's SpaceX has seen its market capitalization drop below the $2 trillion mark for the first time since its recent public debut. The stock has lost approximately $600 billion in value over the last three sessions as the initial post-IPO exuberance fades amidst a wider market rotation away from megacap growth names.