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Markets, AI Power Plays, and the Fed's Big Moment — Tuesday, June 16, 2026
Wall Street is in a holding pattern ahead of Kevin Warsh's debut rate decision as Fed Chair, with futures subdued and Treasury yields slipping. • SpaceX stock surges for a third straight day post-IPO as options trading explodes — some strategists already comparing its market cap trajectory to Nvidia and Tesla. • Oil falls 4% to a three-month low on the US-Iran deal and Hormuz reopening news, but tanker operators warn full transit won't resume for weeks. • SpaceX acquires AI coding assistant Cursor for $60 billion, pushing its valuation past Amazon at $2.7 trillion and putting it in direct…
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