NASDAQ:RSI 31 December 2025

June 16, 2026, 2:10 PM EDT. On June 16, SpaceX surged over 10% post-IPO, reaching a $2.8 trillion valuation, eclipsing Amazon by focusing on AI infrastructure in space. The S&P 500 slipped 0.14%, and the Nasdaq fell 0.46% amid profit-taking in tech, while the Dow Jones rose 0.89% driven by cyclicals. Robinhood Markets declined after announcing a 10% workforce reduction. Investors are cautious as the Federal Reserve begins a meeting under Chair Kevin Warsh, awaiting clues on future interest rate changes amid persistent inflation but easing energy costs. Optimism around a U.S.-Iran peace deal supports sectors tied to oil, though timelines remain uncertain. The Dow's gains reflect rotation into industrials, financials, and utilities, while speculative interest in mega-cap tech like SpaceX continues.