Finance

Crude oil prices saw a modest recovery on Tuesday following a nearly 5% plunge in the prior session, the lowest close since early March. While the preliminary US-Iran deal initially pressured prices downward, traders remain cautious as they await further details on the timeline for restoring disrupted oil flows from the Gulf region.

The Federal Open Market Committee is set to begin its two-day policy meeting today, marking the first under new Chair Kevin Warsh. Investors widely expect interest rates to remain steady between 3.50% and 3.75%, though cooling energy prices may influence the central bank's stance on future hikes as it balances persistent core inflation against a cooling labor market.

Following its highly anticipated initial public offering, SpaceX has rapidly climbed to become the sixth-largest listed company in the United States. The stock surged more than 30% in its first two days of trading, bringing its market capitalization to approximately $2.5 trillion and surpassing Tesla in valuation.