Joe Rennison

The S&P 500 rose almost 15 percent for the three months through June, and many stock analysts remain optimistic that corporate earnings driven by artificial intelligence will keep growing.

On Tuesday, SpaceX briefly fell below $150 a share, which is where the stock first began trading when the company listed publicly just over a week ago.

The company’s blockbuster trading debut is the latest example of how individual investors have become a force in financial markets.

Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz.

In the race to dominate the artificial intelligence industry, companies like SpaceX and Alphabet are borrowing cash and raising equity from investors at the fastest pace in decades.

The S&P 500 fell more than 2.6 percent on Friday, its worst one-day drop of the year and ending nine weeks of gains.

Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.

The 30-year U.S. Treasury yield hasn’t been this high since the lead-up to the global financial crisis. Across Europe and Asia, yields are also elevated.

Despite accelerating inflation and possible interest rate increases, the S&P 500 has posted a long weekly winning streak, driven by strong corporate earnings. Can it last?

Energy markets remained disrupted by turmoil in the Middle East, while the S&P 500 posted its best month since November 2020.

Statements from President Trump and Iran aimed to raise confidence in the safety of the waterway, but shipping experts said risks remained.