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Dow Rises, SpaceX Overtakes Amazon as Fifth-Largest U.S. Firm

6/17/2026

44 9 Full Breakdown

Summary

Story summary

The Dow opened on June 16, 2026, up 360.77 (0.70%) to 52,031.80 as oil fell and investors awaited the Federal Reserve (Fed)’s policy decision.
Markets saw 99.4% chance of unchanged rates and a 42% chance of a 25-bp hike in December.
Technology shares dragged the S&P 500 down 0.57% and Nasdaq down 1.15%, with Nvidia falling 2%.
SpaceX climbed 5% to become the fifth-most valuable U.S. company, overtaking Amazon after briefly surpassing Microsoft.

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Story summary

The Dow opened on June 16, 2026, up 360.77 (0.70%) to 52,031.80 as oil fell and investors awaited the Federal Reserve (Fed)’s policy decision.
Markets saw 99.4% chance of unchanged rates and a 42% chance of a 25-bp hike in December.
Technology shares dragged the S&P 500 down 0.57% and Nasdaq down 1.15%, with Nvidia falling 2%.
SpaceX climbed 5% to become the fifth-most valuable U.S. company, overtaking Amazon after briefly surpassing Microsoft.