The SpaceX IPO - reported to be more than twice oversubscribed - arrives against a turbulent backdrop, with the chip sector posting its worst single-day drop of the year on Friday.
A blowout May payrolls report has markets pricing in nearly two Fed rate hikes within 12 months, defying President Trump's calls for lower rates.
And oil surges more than 4% after Israel and Iran trade missile strikes, adding fresh heat to the inflation outlook.
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