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Here’s what’s happening in the stock market today:
The stock market is showing mixed moves today as investors await SpaceX's historic IPO debut and digest lasting concerns from last week's chip selloff and hot jobs data. 📊⚡ Futures for the Dow rose 0.03%, S&P 500 futures edged up 0.1%, while Nasdaq futures were flat. Semiconductors continue to slide with Nvidia, Broadcom, and Micron down 2.6-4.2% after Wednesday's losses. SpaceX listed on Nasdaq at $135/share, targeting $1.77 trillion valuation and raising $75 billion—the biggest IPO ever. 🚀 Gold holds near $3,146, crude oil at ~$85/barrel eased from Middle East peaks. Treasury yields steady: 10-year at 4.54%, with 43% rate hike odds by December. 💰🛢️
Major Indices Performance 📊
S&P 500 futures up ~0.1%, with index closing at 7,394.30 (+1.75% from Thursday).
Dow Jones futures rose 0.03%, up 17.58 points; closed at 50,848.75 (+1.86%).
Nasdaq Composite flat to slightly lower; closed at 25,809.66 (+2.54% intraday Thursday, down Friday).
Market Movers 🚀
SpaceX (SPCX) debuted at $135/share, raising $75B at $1.77T valuation—biggest IPO ever.
Rocket Lab surged 6%, Virgin Galactic and AST SpaceMobile each rose 4% on space sector buzz.
Redwire gained over 4% ahead of SpaceX listing.
Nvidia, Broadcom, Micron fell 2.6-4.2%, extending chip weakness.
OneOK, Williams dropped over 3% among energy decliners.
Key Events Driving the Market 🗞️
SpaceX's $75B IPO began trading on Nasdaq under ticker SPCX, with Elon Musk retaining 82.4% voting control.
Semiconductors remain pressured after Wednesday's selloff, with AI chip bubble fears reignited.
May nonfarm payrolls hit 172K (vs. 88K expected), unemployment steady at 4.3%, fueling 43% December rate hike odds.
May CPI hit 4.2% YoY (three-year high), core CPI 2.9%, pushing Fed toward no cuts until 2027.
WTI crude eased to ~$85/barrel amid easing Middle East geopolitical risk premiums.
Investor Sentiment 👀
Overall, mood is cautiously optimistic as SpaceX's IPO draws attention, but tech/chip weakness and Fed hawkishness linger. Trading volumes moderate as traders weigh IPO buzz against rate hike fears and stretched AI valuations. 🐂⚖️
I'm 63 With $1.5M. Can I Spend $10K a Month?
You’ve saved $1.5 million. Now comes the real test.
Can it produce $10,000 a month, or will that pace drain your portfolio?
Most retirees do not get a clear answer until it is too late.
The issue is not just how much you have. It is whether your portfolio was built to pay you, not just grow.
That difference can determine whether your money lasts decades or starts breaking down early.
Sequence of returns, taxes on withdrawals, healthcare costs, and whether the 4% rule still applies all play a role.
Fiduciary advisors created a breakdown showing what drives sustainable income and why the same $1.5M can produce very different outcomes.
If you have $1M or more invested, do not guess.
TRADE OF THE DAY:
BA
Name: The Boeing Company
Symbol: BA
Current Price: Approximately ~$219.24
Trade
Sell to Open: 1 BA Jul 10, 2026 240/245 Call Vertical
Total Credit Received: $61.00
Credit per Contract: $61.00 (for one contract covering 100 shares)
Direction: Bearish (expects BA to stay below the short call strike)
Probability of Profit (PoP): 85.7% (as provided)
Potential ROI:
Max Risk (Loss): $439.00
ROI: ($61.00 ÷ $439.00) × 100 ≈ 13.9%
Trade Explained in Simple English:
You’re entering a bear call spread by selling the $240 call and buying the $245 protective call, both expiring on July 10, 2026. You receive $61.00 upfront. If BA stays below approximately $240.61 (your break-even price) through expiration, you keep the full credit as profit. Your maximum gain is limited to the $61.00 credit received, while your maximum loss is capped at $439.00 if BA finishes above $245.00 at expiration.
Wall Street Highlights:
News Beyond the Numbers
SpaceX began trading on Nasdaq after completing a record-breaking $75 billion IPO, instantly becoming one of the most valuable publicly traded companies in the world. Read More
Asset-management giant BlackRock reportedly placed at least a $5 billion order for SpaceX shares, underscoring enormous institutional demand for the historic offering. Read More
U.S. banking regulators are increasing scrutiny of how financial firms use artificial intelligence, focusing on governance, cybersecurity, and third-party vendor risks. Read More
Morgan Stanley CEO Ted Pick said the bank is “wide awake” to acquisition opportunities as Wall Street anticipates a more active dealmaking environment. Read More
Hedge funds reduced exposure to major technology stocks ahead of SpaceX’s debut, with investors repositioning portfolios for the largest IPO in U.S. history.
Read More
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