Wall Street’s Tightrope: Rate Hikes, SpaceX IPO, Inflation Data

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(SeaPRwire) –   By: Christian Brooks

Last week, S&P 500 fell 2.6%, Nasdaq dropped 4.7%. Jobs report spooked markets. CPI out Wed, expected 4.2% y/y. SpaceX IPO Fri at $135, valuing $1.78T. Oracle, Adobe earnings this week. Bitcoin at $60k, down over 50% from highs.

Markets took a hit. S&P 500 ended 9-week win streak. Jobs added 172k in May, double estimate. Rate hikes in focus. Bitcoin slumped too. Consumer sentiment at all-time low.

Inflation data critical. CPI April 3.8%, May seen 4.2%. Core CPI up. PPI Thu, April 6% y/y. Fed may adjust policy.

SpaceX IPO massive. Valuation $1.78T. AI biz key. Oracle earnings Wed, stock up 12% YTD. Adobe reports Thu.

Author bio: Christian Brooks, financial commentator with deep expertise in market volatility and corporate earnings analysis.