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  Jun 12, 2026

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  University of Michigan June Preliminary Sentiment Rises to 46.0 From May's Record-Low 44.8 — Year-Ahead Inflation Expectations Hold at 4.8%

  The University of Michigan's preliminary June 2026 consumer sentiment index rose to 46.0 — a modest recovery from May's revised record-low of 44.8 but still among the weakest readings in the survey's history. Year-ahead inflation expectations remained elevated at 4.8%, unchanged from May's final reading. The partial improvement, the first monthly gain since January, likely reflects the shift in peace-deal optimism visible in late-May and early-June surveys, though energy costs continue to dominate household financial concerns with 57% of respondents citing high prices.

  XLYXLPWMTTGTHD +3 more

  Michigan consumer sentiment June 2026consumer confidence indexinflation expectations 4.8 percentconsumer sentiment recoveryUMCSENTFederal Reserve sentimenthousehold finances 2026Iran war consumer impact

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  Jun 12, 2026

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  US-Iran Hormuz MoU Seen Signable Sunday in Geneva — Bloomberg Reports G7-Aligned Deal Imminent; WTI Falls 3.2% to $84.92, Brent Drops to $83.28

  Bloomberg reported Friday morning that the U.S. and Iran are nearing a memorandum of understanding to reopen the Strait of Hormuz, potentially signed in Geneva as early as Sunday — timed to the G7 summit in Évian starting June 15. A senior Iranian official indicated overnight that a deal is likely. WTI crude fell 3.18% to $84.92 and Brent dropped 2.64% to $83.28, touching their lowest levels in nearly two months. European stocks jumped to three-month highs and Dow futures edged higher ahead of the open.

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  US-Iran peace dealStrait of HormuzWTI crude oil 2026oil price declineG7 summit 2026Iran MoU Genevaenergy market 2026Fed rate cut catalyst

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  Jun 12, 2026

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  SpaceX SPCX Debuts on Nasdaq at $135/Share — $75B Raised at $1.77T Valuation in Largest IPO in History; Greenshoe Option Adds $11.2B

  SpaceX begins trading on the Nasdaq under ticker SPCX at a fixed IPO price of $135 per share, having sold 555.6 million shares to raise a record $75 billion — the largest initial public offering in history, surpassing Saudi Aramco's 2019 debut. The offering values SpaceX at approximately $1.77 trillion, placing it above Tesla as the seventh-largest U.S. company by market cap. Underwriters hold a greenshoe option for an additional 83.3 million shares worth $11.2 billion. Elon Musk retains over 82% voting control.

  SPCXTSLARKLBASTSLUNR +5 more

  SPCX stockSpaceX IPOIPOrecord IPO historySpaceX Nasdaq debutElon MuskStarlinkxAI SpaceX merger

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  Jun 12, 2026

  positive

  Dow Surged 930 Points Thursday on Trump Iran Deal Signal — S&P 500 Up 1.75% to 7,394; ECB Raises Rates 25bps to 2.25% as War Inflation Persists

  Thursday's session delivered a 930-point Dow surge and a 1.75% S&P 500 advance to 7,394.30 after President Trump canceled planned Iran strikes and declared a deal 'finalized,' driving crude oil sharply lower. Simultaneously, the European Central Bank raised its key rate 25 basis points to 2.25% — the first ECB hike in this cycle — citing Iran-war inflation. The combined signals set the stage for Friday's SpaceX IPO debut and the weekend's potential Hormuz MoU signing, creating the most consequential multi-day market sequence of 2026.

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  Dow Jones rally 930 pointsS&P 500 7394ECB rate hike 2.25 percentECB interest rate June 2026PPI inflation 6.5 percentIran deal market rallyFOMC June 2026crude oil falls June 2026

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