Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTJake Conley · Breaking Business News ReporterUpdated Mon, June 8, 2026 at 10:29 AM GMT+2 9 min readInvestors step into the week after a Friday that saw markets reprice toward an interest-rate hike this year, pushing all three major indexes deeply into the red. A SpaceX IPO, Oracle earnings, and more inflation readings will test traders' resiliency.The S&P 500 (^GSPC) closed Friday down 2.6% for an equal weekly loss. Meanwhile, the Dow Jones Industrial Average (^DJI) lost 1.4% on Friday to finish the week down 0.6%. In the worst showing of the major indexes, the tech-heavy Nasdaq Composite (^IXIC) plunged by 4.2% on Friday to end the five-day stretch down 4.7%, or well past 1,000 points.Things to circle on the calendarComing into the week, all eyes will be on Friday, when Elon Musk's SpaceX (SPAX.PVT) will open for trading in what will be the largest IPO in history. At an IPO price of $135 per share, the rocketry and communications company would be valued at roughly $1.78 trillion.Elsewhere in the corporate world, fiscal fourth quarter earnings from Oracle (ORCL) on Wednesday will headline the week, in another key read on the state of the AI and computing trade. Adobe (ADBE) will report earnings on Thursday.Investors also face another stretch chock-full of key economic data after last week's unexpectedly hot nonfarm payrolls report, with the second leg of the Fed's dual mandate — inflation — in focus this week.Taking center stage will be the Bureau of Labor Statistics' Consumer Price Index (CPI) numbers on Wednesday, set to give investors a key read on where and how inflation is showing up in sticker prices for Americans. That data will be followed by Thursday's Producer Price Index (PPI) report, offering a glimpse of how prices are moving on input goods purchased by manufacturers and other producers.Finishing out the week will be the University of Michigan's bimonthly reading on US economic sentiment and inflation expectations. The headline consumer sentiment index fell to an all-time low reading of 44.8 in May as Americans turned dour on the state of the economy. Economists are looking for a reading of 46 on Friday.If all goes as planned on Friday, shares of Elon Musk's SpaceX will hit the Nasdaq at $135 per share for the company's public offering, valuing the company at roughly $1.8 trillion and likely making Elon Musk the