SpaceX IPO afterglow, Kevin Warsh's first Fed meeting, and a potential US-Iran deal: What to watch this week
Key takeaways
- Meanwhile, updates from the Middle East signaled hope that the US and Iran could be close to signing a deal that would reopen the Strait of Hormuz.
- The S&P 500 (^GSPC) closed Friday up 0.5%, good for a marginally stronger return of 0.6% on the week.
- With the craze of the SpaceX IPO in the rearview mirror, all eyes turn to the Federal Reserve s meeting on Wednesday, where the FOMC is widely expected to hold rates steady.
Space X IPO afterglow, Kevin Warsh's first Fed meeting, and a potential US-Iran deal: What to watch this week Jake Conley · Breaking Business News Reporter Sun, June 14, 2026 at 9:25 PM GMT+7 8 min read SPCX ^GSPC ^DJI ^IXIC Investors step into the week after Space X s (SPCX) debut on Friday marked the largest public offering in history, with Elon Musk s company closing out the trading session valued at $2.1 trillion. Meanwhile, updates from the Middle East signaled hope that the US and Iran could be close to signing a deal that would reopen the Strait of Hormuz.
The S&P 500 (^GSPC) closed Friday up 0.5%, good for a marginally stronger return of 0.6% on the week. The Dow Jones Industrial Average (^DJI) ended the session up 0.7% for an identical gain on the week. In a similar fashion, the Nasdaq Composite (^IXIC) ended Friday up 0.3% for a five-day gain of 0.7%.
With the craze of the SpaceX IPO in the rearview mirror, all eyes turn to the Federal Reserve s meeting on Wednesday, where the FOMC is widely expected to hold rates steady. More interestingly, the meeting will be Kevin Warsh s first as chairman, with his post-decision press conference set to be a key read on the new regime.