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● LIVE Updated 1h ago · 16 sources tracked

Stock market today: Dow rises, S&P 500 and Nasdaq drift ahead of Warsh's first Fed meeting as chair

The Dow Jones Industrial Average reached a new all-time high, while the S&P 500 and Nasdaq hovered near flat ahead of Federal Reserve Chair Kevin Warsh’s first policy meeting. SpaceX stock surged, overshadowing concerns over Iran tensions and inflation. Oil prices slipped, and traders await the Fed’s decision on holding rates steady at 3.5%–3.75%.

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What changed

Dow set record high; SpaceX stock rally intensified; Iran deal doubts and inflation pressures added uncertainty.

Live updates

  1. Dow hits record; S&P 500, Nasdaq drift as Warsh’s Fed meeting looms

    The Dow Jones Industrial Average reached a new all-time high, while the S&P 500 and Nasdaq hovered near flat ahead of Federal Reserve Chair Kevin Warsh’s first policy meeting. SpaceX stock surged, overshadowing concerns over Iran tensions and inflation. Oil prices slipped, and traders await the Fed’s decision on holding rates steady at 3.5%–3.75%.

    What's confirmed:

    • The Dow Jones Industrial Average hit a record high, extending its second consecutive all-time closing high.
    • The S&P 500 and Nasdaq drifted near flat as traders prepared for the Federal Reserve’s rate decision.
    • SpaceX stock surged, drawing market attention away from Fed and geopolitical risks.
    • Oil prices slid for a fifth consecutive day, easing energy-related inflation concerns.
    • The Federal Reserve is expected to hold interest rates steady in the 3.5%–3.75% range at its June 17 meeting, the first under Chair Kevin Warsh.
    • Inflation rose to a three-year high of 4.2%, driven by higher energy prices amid Middle Eastern tensions.
    • Stock futures were little changed ahead of the Fed’s announcement, with Nasdaq 100 futures gaining 0.6% while S&P 500 futures remained stable.

    Still unconfirmed:

    • SpaceX is set to leapfrog Amazon to become the world’s fifth-largest company (single-source claim).
    • Iran deal negotiations face growing doubts, adding volatility to markets (unconfirmed geopolitical tension).
    • Fox Corporation is in advanced talks to acquire Roku (not yet confirmed).
    • Sandisk stock climbed sharply, though no clear catalyst was widely cited (limited source confirmation).
    confidence 97%