SpaceX's IPO priced at $135 surged 50% to around $155, valuing the company near $2 trillion. Experts warn that while new MANGOS ETFs capture much of the AI sector, they exclude key players like Amazon and carry concentrated valuation risks. The tech-heavy S&P 500 sectors now represent over half the index, prompting interest in diversified ETFs like ALPS Equal Sector Weight (EQL) as a defensive strategy. Additionally, ETFs focused on electrification infrastructure and energy infrastructure are gaining attention due to AI's power demands and geopolitical factors like the Iran conflict.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
