Stocks Drop Amid Rate Hike Fears; SpaceX IPO Looms

Major stock indexes fell sharply last Friday as markets priced in a potential rate hike this year. The S&P 500 dropped 2.6%, the Dow Jones lost 1.4%, and the Nasdaq Composite plunged by 4.2%. This week's focus includes SpaceX’s anticipated IPO, Oracle earnings, inflation data including CPI on Wednesday and PPI on Thursday.

By Jake Conley · Breaking Business News Reporter Sun, June 7, 2026 at 2:40 PM GMT+3 9 min read · Yahoo Finance · June 7, 2026, 11:40 UTC

Tickers: $ADBE $ORCL

Topics: earnings report inflation data IPO rate hike stock market

Read the full article at Yahoo Finance

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