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SpaceX Files IPO
- SpaceX filed for an IPO to raise $75 billion at a $1.75 trillion valuation.
- The 10-year Treasury yield rose two basis points to 4.54% on Federal Reserve (Fed) rate-hike expectations.
- June S&P 500 futures and Nasdaq 100 futures rose 0.71% and 1.40%, respectively, after Friday’s sell-off.
- The Nasdaq Composite fell 4.18% to 25,709.43, its steepest drop since April 2025.
- Euro Stoxx 50 slipped 0.63% as the ECB is expected to raise its deposit rate to 2%.
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