Dow Rises 468.77 Points; SpaceX Shares Up 54% Post-IPO

AI Summary

On Monday, the Dow closed up 468.77 points, or 0.92%, marking a record gain, while the S&P 500 increased over 1% and the Nasdaq Composite surged 3.1%. SpaceX shares traded at approximately $208, a 54% increase from the IPO price of $135, following an announcement to acquire AI startup Cursor for $60 billion. Brent crude oil prices dropped about 2.7% to below $81 per barrel. Upcoming rate decisions from the Federal Reserve and other central banks could influence market movements in the near term, with no major changes expected.