The long-awaited, massive SpaceX initial public offering is expected next week, a major event for the U.S. stock market, with investors wary of possible overexuberance. Stock indexes fell on Friday as strong jobs data ignited fears of hawkish monetary policy and semiconductor shares tumbled after a torrid run. The benchmark S&P 500 posted a weekly decline after nine straight weeks of gains.
The S&P 500 was still up about 8% in 2026, including a 16% rebound since its late-March low for the year.
