Overview
- U.S. stocks climbed last week with large-cap tech leading gains and SpaceX completing the largest IPO on record by raising $85.7 billion and reaching a valuation above $2 trillion.
- Micron Technology reports fiscal third-quarter results on Wednesday and its roughly $1 trillion market value after an 800% year‑to‑date run makes the report a potential inflection point for chip and growth stocks.
- The Personal Consumption Expenditures index for May, due Thursday, is the Federal Reserve’s preferred inflation gauge and a hotter print would make additional rate increases more likely.
- Reports that SpaceX agreed to buy AI startup Cursor for about $60 billion remain unconfirmed and are developing as investors reassess concentrated exposure to a single innovation-linked name.
- Major corporate moves, including Nvidia’s planned $20 billion bond deal and Fox’s agreement to buy Roku, are reshaping capital flows while Bitcoin and crypto have trailed the recent equity rally.