Consumer Sentiment Improves Slightly in June but Remains Sluggish
SpaceX marks the largest IPO on record while consumer sentiment remains subdued (June 48.9 vs May low 44.8). BOJ, BOE, BOK rate hikes compress startup valuations and raise capital costs—a headwind for tech M&A, fundraising, and team expansion in 2026.
U.S. consumer sentiment rose to 48.9 in early June from 44.8, exceeding expectations; crude oil fell 3.3% to $84.77. Improving demand and lower energy costs support enterprise IT spending and strategic M&A cycles.
Stock Futures Up as Investors Await Historic Test of Market by SpaceX
Dow Jones up 0.56%, NASDAQ up 0.08%, S&P 500 up 0.32%. Materials shares rise 1.7%, consumer discretionary down 1.3%. University of Michigan's consumer sentiment index beats…
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