U.S. stock markets closed the week with gains, concluding a period that featured the initial public offering of SpaceX, new economic data on inflation, and several corporate announcements in the technology sector. The S&P 500 and Nasdaq Composite indices both registered increases for the week ending Friday, June 12, 2026.
SpaceX (SPX) began trading on Friday after completing its IPO, which raised $75 billion in capital. The company’s shares were priced at $135 for the offering. The stock opened for trading at $150 and closed the session at approximately $161, an increase of 19% from its offering price. This gave the company a market valuation of over $2.1 trillion at the close of trading.
On the same day, major indices saw positive movement. The S&P 500 rose 0.5%, contributing to a weekly gain of nearly 0.7%. The Nasdaq Composite increased by 0.3% on Friday, finishing the week up 0.7%.
Several other technology companies were subjects of market-moving news during the week. Corning announced on Monday that it had secured a multi-billion dollar agreement with Amazon to supply optical fiber for the expansion of Amazon’s data centers.
Later in the week, Oracle announced its intention to raise an additional $20 billion to fund its artificial intelligence infrastructure development. Following the announcement, which was made alongside its earnings report, Oracle’s shares declined nearly 9% on Thursday. Apple shares fell by more than 5% over the week after the company revealed an AI-updated version of its Siri digital assistant, which will be powered by Google’s Gemini technology.
In economic news, the U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI) for May. The report showed a 4.2% year-over-year increase in the index, which measures a broad range of goods and services.
The inflation data was released ahead of the Federal Reserve’s upcoming policy meeting, scheduled to conclude on June 17. The meeting will be the first under the direction of Chairman Kevin Warsh, who was appointed in January. Market participants will be observing the central bank’s decision on the benchmark interest rate.
The week’s market activity also occurred amid reports of a potential diplomatic agreement between the United States and Iran, a factor cited in market commentary as influencing investor sentiment.
