Finance

SpaceX shares continued a significant post-IPO rally on June 16, 2026, climbing nearly 10% in premarket trading and putting the company on track to become the world's fifth-largest by market value. Options for the space and AI giant, trading under the ticker SPCX, debuted on the Nasdaq following a cumulative gain of approximately 43% from its initial offering price of $135.

U.S. Treasury yields declined on June 16, 2026, with the benchmark 10-year note falling to approximately 4.44% as markets shifted focus to the first policy meeting led by new Fed Chair Kevin Warsh. The easing of geopolitical tensions and the prospect of lower energy prices have cooled inflation concerns, even as traders await updated economic projections and interest rate guidance.

Crude oil prices fell sharply toward $81 per barrel as traders priced out the disruption premium following the U.S.-Iran accord and the anticipated reopening of critical shipping lanes. Conversely, gold prices remained resilient, trading near $4,350 per ounce, as investors anticipated that a lower inflation outlook from falling energy costs might allow central banks to pursue less restrictive monetary policies.