Markets Rise Friday, Win Out Week On War Hopes, SpaceX
Word of a possible agreement to end the war, and the debut of SpaceX would fuel Friday's gains on Wall Street. All three of the major indices closed the day higher, locking in weekly wins across the board.
SpaceX's Arrival Delivers Big Gains In First Day Of Trading
As the largest ever IPO in market history, SpaceX's launch did not disappoint. The takeoff on Friday morning sent the stock soaring into orbit, and from there, it was full throttle ahead on its maiden voyage.
CPI: Overall Inflation Surged On Energy Costs, Core Cools
CPI: Overall Inflation Surged On Energy Costs, Core Cools
May's consumer price index came with a mixed message. Elevated gas prices sent overall inflation to a three year high, but without energy and food costs, monthly core CPI's pace was below expectations.
PPI: Producer Costs Spike As Inflation Widens Beyond Gas
Still Ahead: The War, SpaceX, Warsh Leads Fed & May Sales
CPI: Overall Inflation Surged On Energy Costs, Core Cools
Rising energy costs also took most of the blame for a jump in the latest PPI report, but they weren't alone. Increasing prices in other sectors did some of the damage as PPI rose to its highest since late 2022.
Consumer Sentiment Finally Edges Up From Record Lows
Still Ahead: The War, SpaceX, Warsh Leads Fed & May Sales
Still Ahead: The War, SpaceX, Warsh Leads Fed & May Sales
After months of only pessimism over the war and inflation, the U.S. public may be perking up a bit. June's initial sentiment survey reading improved slightly thanks mainly to the recent easing in gas prices.
Still Ahead: The War, SpaceX, Warsh Leads Fed & May Sales
Still Ahead: The War, SpaceX, Warsh Leads Fed & May Sales
Still Ahead: The War, SpaceX, Warsh Leads Fed & May Sales
The new week will pick up right where it left off Friday with war news and SpaceX grabbing headlines. On Wednesday, Fed chair Kevin Warsh leads his first meeting on rates, and May's retail sales will land.