ASX set to rise, SpaceX slumps to weigh on Wall Street; Former Fed chair Greenspan dies at 100

ASX set to rise, SpaceX slumps to weigh on Wall Street; Former Fed chair Greenspan dies at 100

S&P 500 -0.3%, Nasdaq -1%, SpaceX -16.4%; 10yr Treasury at 4.51% as Fed hike odds surge to 90% on 4.1% inflation forecast. Rising rates compress AI stock valuations and boost tech startup funding costs; M&A leverage deteriorates as borrowing rates climb.