Today’s Market Recap: U.S. Stocks Rally, Memory Chip Stocks Surge; SpaceX Jumps Nearly 20%, Oil Plunges 5%

Tracking the Market Trend

TradingKey - On Monday, all three major U.S. stock indices closed higher, with the Nasdaq rising 3.07%, the Dow Jones Industrial Average gaining 0.92%, and the S&P 500 climbing 1.65%. SpaceX (SPCX) surged nearly 20% in a single day, continuing its strong performance following its IPO last Friday.

Memory chip stocks surged across the board, with the Philadelphia Semiconductor Index (SOX) jumping 5.45%. Western Digital (WDC) rose more than 16%, marking its best single-day performance since January and closing at a record high; Micron Technology (MU) rose more than 10%; Seagate Technology (STX) rose more than 9%; ARM (ARM) rose more than 8%; AMD (AMD) rose more than 6%; SanDisk (SNDK) rose more than 6%, while Qualcomm (QCOM) and TSMC (TSM) rose more than 4%.

SpaceX surged 19.6% on its second trading day following its IPO, continuing its strong momentum, with its market capitalization increasing by $412 billion to $2.52 trillion in a single day.

International precious metals rose. Spot gold gained 2.16% to $4,310.36 per ounce, regaining the $4,300 level; COMEX gold futures rose 2.21% to $4,332.60 per ounce. Spot silver rose 3.66% to $70.48 per ounce.

Oil prices fell significantly. WTI July crude futures closed down 4.87% at $80.75 per barrel; Brent August crude futures closed down 4.76% at $83.17 per barrel.

Cryptocurrencies rose across the board. As of press time, Bitcoin was trading at $66,328.8, up 1.77%; Ethereum rose nearly 5%, and SOL rose over 5%.

Market Headline

The U.S. Vice President stated that the Strait of Hormuz will remain “open for free passage for the long term,” while Iran responded that it will charge shipping fees; nuclear talks and the lifting of sanctions are set to begin within 60 days. G7 allies are not optimistic about the timeline for reopening the strait; a senior U.S. official noted that a noticeable increase in shipping traffic may take two weeks, and a return to pre-war levels will take even longer. On June 15–16 (after U.S. market hours), Iranian media reported explosions heard south of Qeshm Island in the Strait of Hormuz region, marking the latest round of skirmishes.

SpaceX’s underwriters formally exercised the over-allotment option for the IPO, raising $85.7 billion in net proceeds after underwriting fees, continuing to break global IPO records. The underwriting syndicate (including Goldman Sachs and Morgan Stanley) has the option to purchase an additional 83.3 million shares under the greenshoe option.

NVIDIA（NVDA） plans to raise $25 billion through an investment-grade bond offering. Subscription demand exceeded the proposed offering size by more than three times, with sources revealing that total subscriptions reached as high as $85 billion. The bonds were issued in seven tranches with maturities ranging from 2 to 30 years, with the longest-term bond priced at a yield approximately 0.65 percentage points higher than U.S. Treasury yields.

Fox plans to acquire streaming platform Roku for $160 per share, totaling approximately $22 billion, using a cash-and-stock structure, with $12 billion funded through a bridge financing arrangement provided by Morgan Stanley. Fox’s news and sports content libraries, along with its free streaming platform Tubi, will complement Roku’s hardware devices and proprietary channels, covering the entire industry chain from end-user devices to content operations and advertising monetization. Fox CEO Lachlan Murdoch called this a “defining moment” for the company and expects Tubi and Roku channels to operate synergistically following the completion of the transaction.

Top 10 Most Traded Stocks

The table below lists the ten most actively traded stocks on Monday. With their massive trading volume and excellent liquidity, these assets have become key indicators for tracking global market trends.