Global Headlines

SpaceX has already received orders for more than the shares available in its record-setting $75 billion initial public offering, according to people familiar with the matter, shortly after starting to formally market the deal.

Iran’s attack last month on a nuclear power plant in the United Arab Emirates has prompted the world’s atomic watchdog to look at whether reactors’ external power supply lines need additional protection against the threat of war.

Fannie Mae and Freddie Mac common shares rose sharply at the open on Friday after President Donald Trump said the two mortgage finance giants were probably worth $1 trillion, though they subsequently erased much of those gains as skepticism mounted.

Oil edged lower as traders assessed the extent of demand destruction against a backdrop of ongoing US-Iran peace talks, which have so far yielded little progress toward reopening the critical Strait of Hormuz.

Bond traders fully priced in a Federal Reserve interest-rate hike by the end of this year after US job growth topped all forecasts in May, spurring yields higher in the $31 trillion Treasuries market.