SpaceX's Record IPO, Inflation Jumps To Over 3-Year Highs: This Week On Wall Street

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.