A view of the Nasdaq MarketSite after SpaceX company executives rang the opening bell to celebrate the launch of SpaceX’s initial public offering in New York on June 12, 2026. Timothy A. Clary/AFP via Getty Images
U.S. stocks rebounded this week, led by a rally in small caps and the SpaceX initial public offering (IPO), which revived investor enthusiasm for equities. The rebound came despite a parade of hot inflation numbers that raised the prospect of the Federal Reserve hiking interest rates soon.
For the week, the Dow Jones Industrial Average edged 0.66 percent higher to close at 51,202, slightly below the June 12 high. The S&P 500 gained 0.65 percent to 7,431, close to the high reached earlier in the week. The Nasdaq Composite posted similar gains, while small-cap stocks were the standout for the week, with the Russell 2000 up by 3.90 percent.
