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SpaceX IPO, Iran Deal Nears, Mixed Market Performance
12 Jun 2026, 16:00 - 20:00 (UTC)
1. SpaceX successfully IPO'd with a $2.12 trillion valuation, making Elon Musk the world's first trillionaire, although CFRA initiated coverage with a "Sell" rating and a $115 target price.
2. The Iran nuclear deal with the U.S. is reportedly near completion and expected to be signed in the coming days, potentially releasing frozen funds and Iranian oil, and reopening the Strait of Hormuz.
3. U.S. stock markets showed mixed movements with the Dow Jones and S&P 500 closing higher, while NASDAQ turned negative, and Brent and WTI crude oil futures settled significantly lower.
#MarketNews #TradingUpdate #FinancialSummary #GlobalEconomy #StockMarket #IranDeal #SpaceX #OilPrices #Geopolitics #Investment
2. The Iran nuclear deal with the U.S. is reportedly near completion and expected to be signed in the coming days, potentially releasing frozen funds and Iranian oil, and reopening the Strait of Hormuz.
3. U.S. stock markets showed mixed movements with the Dow Jones and S&P 500 closing higher, while NASDAQ turned negative, and Brent and WTI crude oil futures settled significantly lower.
#MarketNews #TradingUpdate #FinancialSummary #GlobalEconomy #StockMarket #IranDeal #SpaceX #OilPrices #Geopolitics #Investment