| Monday's Markets | |
|---|---|
| S&P 500 6,612 (+0.44%) |
|
| Nasdaq 21,996 (+0.54%) |
|
| Dow 46,670 (+0.36%) |
|
| Bitcoin $69,855 (+3.56%) |
|
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Health insurance stocks jumped in early trading after the Trump administration boosted Medicare spending much higher than had been anticipated. Payments for Medicare Advantage -- the government-subsidized, privately run health insurance plan popular with older people -- will be lifted by 2.48% in 2027, well above the 0.09% rise proposed in January.
Apple (NASDAQ:AAPL) is hitting technical problems in the engineering test phase of its new foldable iPhone, Nikkei Asia reports. The device was expected to launch -- alongside two larger, non-folding phones -- in the second half of 2026, but the schedule might now slip. Apple stock remained largely unchanged in early trading.
In a virtual meeting with its bankers on Monday, SpaceX laid out plans for a large allocation of shares to retail investors at its upcoming initial public offering (IPO), reports Reuters. The show should hit the road the week of June 8, with the company pitching to around 1,500 potential investors -- with retail investors from around the world able to buy in.
Does the space economy thesis excite you enough to consider SpaceX at IPO, or would you rather gain exposure through established aerospace and defense companies?
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