US stocks closed higher on Friday as investors welcomed signs of progress toward a potential peace agreement between the United States and Iran, while SpaceX’s blockbuster market debut added to positive sentiment across Wall Street. The Dow Jones Industrial Average rose 353.51 points, or 0.7%, to close at 51,202.26. The S&P 500 gained 0.5% to
The Federal Reserve’s June policy meeting will mark a closely watched milestone for financial markets as newly installed Chair Kevin Warsh presides over his first Federal Open Market Committee (FOMC) gathering. The two-day meeting, scheduled for June 16-17, comes at a time when expectations for lower borrowing costs have largely evaporated amid persistent inflation pressures
Gold prices have come under significant pressure in recent days, dropping close to the psychologically important $4,000 per troy ounce level for the first time since November 2025. As the Federal Reserve prepares for its first meeting under new Chair Kevin Warsh, the precious metal finds itself at a critical juncture where monetary policy signals
Several stocks trading below $10 are drawing fresh attention from Wall Street analysts, even as broader markets remain focused on mega-cap technology names. The appeal is not simply that these shares look cheap. Each company sits inside a larger investment theme, from quantum computing and voice AI to fintech automation, space imaging and electric aviation.
SpaceX SPCX has hit the market, but the buzz around it continues to remain with another question that is increasingly capturing Wall Street’s attention: could Elon Musk eventually merge his rocket company with Tesla? The idea, once considered far-fetched, has gained traction among analysts, investors and even employees close to Musk’s businesses. In the run-up
SpaceX (SPCX) made history on Friday – raising $75 billion in the largest IPO “ever” – promptly gaining 19% in its Nasdaq debut. The frenzy is real, the story is compelling, but the valuation, hovering around the $2 trillion mark, is already priced for perfection. And for investors who prefer conviction over crowd psychology, there
Adobe shares fell sharply on Friday despite the software company reporting better-than-expected fiscal second-quarter results and raising its full-year outlook, as investors focused on strategic changes that could weigh on near-term growth metrics. ADBE stock dropped more than 7% in Friday trading after Adobe announced plans to prioritize user growth and artificial intelligence adoption over
XRP price currently sits at around $1.13, holding a 2.0% gain over the last 24 hours. The XRP price hike comes after several days of pressure across the broader market, where XRP still shows a 21.6% decline over the past 30 days and nearly 49% drop over the past year. But despite the longer-term weakness,
Gold prices on COMEX rebounded more than 2% on Friday after plunging to a seven-month low earlier this week. Oil prices fell nearly 3% as the market hoped for an imminent peace deal between the US and Iran, which could free up supplies from the Strait of Hormuz. Meanwhile, among base metals, the three-month copper
SpaceX — Elon Musk’s private aerospace and satellite internet company — is going public on the Nasdaq on 12 June 2026 under the ticker SPCX, at an IPO price of $135 per share and a target valuation of $1.75 trillion. If confirmed, this would be the largest IPO in history. With shares now accessible to