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SpaceX Falls 16% Amid Rising Fed Hike Expectations

6/23/2026

45 9 Full Breakdown

Summary

SpaceX Shares Drop

SpaceX shares fell 16.4% to $154.60, marking a third straight decline.
U.S. stock indices moved mixed, with the S&P 500 at 7,472.79, the Dow at 51,712.71 and the Nasdaq at 26,166.60.
Crude prices fell after U.S.–Iran talks, with Brent at $77.52 (down 3.2%) and U.S. crude at $73.86 (down 2.6%).
Traders now see a 90% chance the Federal Reserve will raise rates once this year, up from 57% a week earlier.

Summary

Investors Cautious

Investors showed caution after a three-day Wall Street weekend, tempering market enthusiasm.
Traders focused on the personal consumption expenditures (PCE) inflation report slated for later this week.
The drop in crude prices eased worries about energy-driven inflation pressures.
Declines in Alphabet, Amazon and Meta Platforms added to the retreat of big-tech shares.

Summary

Markets Surge

Equity indices rose as the FTSE 100, Nikkei 225 and Kospi hit highs on tech and AI stocks.
The two-year Treasury yield hit the highest level since early 2025 while 10-year rose to about 4.49%, with Federal Reserve (Fed) speakers John Williams and Austan Goolsbee.
Economists expect core inflation to rise from April and consumer inflation to hit 4.1% in May, raising the chance of a Fed rate hike by year-end, in September.

History

Historical Context

In September 2008 Lehman Brothers collapsed, sparking a credit freeze that drove the S&P 500 down roughly 57% from its October 2007 high to March 2009. The Federal Reserve responded by cutting the federal-funds target to 0–0.25% in December 2008 and launching massive liquidity programs. Today’s tech-stock slide echoes that volatility as investors again weigh the odds of another rate hike.

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SpaceX Shares Drop

SpaceX shares fell 16.4% to $154.60, marking a third straight decline.
U.S. stock indices moved mixed, with the S&P 500 at 7,472.79, the Dow at 51,712.71 and the Nasdaq at 26,166.60.
Crude prices fell after U.S.–Iran talks, with Brent at $77.52 (down 3.2%) and U.S. crude at $73.86 (down 2.6%).
Traders now see a 90% chance the Federal Reserve will raise rates once this year, up from 57% a week earlier.

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