The S&P 500 rallied as oil prices fell on Iran peace deal optimism, reducing inflation concerns and easing Fed rate-hike expectations. SpaceX's historic $75 billion IPO debut surged 19%, attracting massive retail demand. However, mega-cap tech lagged while semiconductors and small caps led. The market is rotating within AI from software to compute infrastructure, with the rally fragile and dependent on headline developments.

SpaceX completed the largest IPO in history, raising $75 billion at a $1.77 trillion valuation with strong retail participation. However, the week was marked by inflation concerns as the Consumer Price Index hit 4.2% year-over-year (highest since April 2023) and producer inflation jumped to 6.5%, pressuring the Fed ahead of its June 17 meeting. Oracle and Adobe reported record quarters but faced sharp sell-offs due to massive capital expenditure guidance. The S&P 500 ended the week slightly positive despite volatility.

SpaceX debuted on Nasdaq at $175, up 30% from its $135 IPO price in the world's largest IPO at $1.75 trillion valuation. The listing triggered a rotation in the space sector, with competitors experiencing significant declines. The broader market was mixed, with the S&P 500 up 0.2%, Dow up 0.5%, and Nasdaq down 0.1%, as geopolitical concerns about U.S.-Iran negotiations and falling oil prices influenced trading.

U.S. futures rise as investors anticipate SpaceX's historic $1.75 trillion IPO debut and growing hopes for a U.S.-Iran peace deal that could lower oil prices. The S&P 500 is tracking broadly unchanged after last week's decline, with oil prices falling to two-month lows on optimism about normalizing energy flows through the Strait of Hormuz. Key movers include Adobe falling 6% on margin concerns, Lennar declining on weak housing data, and space-related stocks rising ahead of SpaceX's listing.

U.S. stock futures rose on Friday with the S&P 500, Dow Jones, and Nasdaq 100 advancing. Key movers included Adobe declining 4.91% despite strong earnings due to CFO departure, Lennar falling 2.74% on mixed Q2 results, CoreWeave rising 3.61% after Nasdaq-100 inclusion announcement, and Friedman Industries jumping 10.08% on strong Q4 earnings. SpaceX is set to debut at $135 per share with options trading beginning Monday.

U.S. stock futures rose on Thursday with the Nasdaq 100, S&P 500, and Dow Jones advancing. Middle East tensions escalated following U.S.-Iran military strikes and Trump's warnings. Markets are watching May PPI data and jobless claims. The Fed is expected to hold rates unchanged in June. Key stocks in focus include Oracle (which dropped despite strong earnings), CoreWeave (announcing $3.5B senior notes offering), and Adobe (posting quarterly earnings).

Billables AI, an AI-native operational intelligence platform for law firms, closed a $10.2 million Series A funding round led by Avenue Growth Partners. The capital will accelerate R&D and go-to-market expansion. The company integrates with tools like Microsoft 365, Google Workspace, and practice management platforms to provide timekeeping, billing optimization, productivity insights, and AI governance tracking for law firms.

US markets showed mixed performance as investors digested geopolitical tensions between Iran and Israel, with a ceasefire agreement easing oil prices. Tech stocks rebounded with the Nasdaq rising 0.9%, while the S&P 500 gained 0.3% and the Dow slipped 0.2%. OpenAI and SpaceX's upcoming IPOs signal strong investor demand for AI exposure. Key economic data including May's CPI and upcoming earnings from Oracle and Adobe will be crucial for gauging inflation trends and tech sector durability.

Adobe's stock has declined 40% from its 2025 peak as investors worry that AI and competition from nimbler rivals like Canva and Figma are eroding its Creative Cloud competitive moat. Despite these concerns, Adobe maintains strong fundamentals with 10%+ revenue growth, $9.8B in free cash flow, and a 9% FCF yield, suggesting the market may be pricing in excessive pessimism.

The article compares Salesforce and Braze as investment options for 2026. Salesforce offers established market dominance with $41.5B in revenue, 18% net margins, and strong free cash flow of $14.4B, making it suitable for conservative investors. Braze presents a higher-growth alternative with 24.4% revenue growth but remains unprofitable with a -17.8% net margin, appealing to aggressive investors willing to accept volatility. Salesforce trades at a more attractive Forward P/E of 14.3x versus Braze's 37.9x, though Braze has a lower P/S ratio of 3.7x.

The Motley Fool presents a curated selection of 12 undervalued stocks recommended for purchase in June 2026. The article features stocks that have gained momentum in recent weeks, with prices based on May 30, 2026 market close.

U.S. stock markets closed near record highs on June 1, 2026, as AI-driven gains in tech and software stocks offset energy sector headwinds. The S&P 500 rose 0.26%, the Nasdaq gained 0.42%, while the Dow inched up 0.09% amid pressure from rising oil prices and yields. Key gainers included ServiceNow, Oracle, IBM, and Nvidia, though analysts warn of potential short-term correction risks after nine consecutive weeks of gains.