U.S. Stocks Mixed on June 16 as Investors Await Fed Chair Warsh's First Rate Decision

On Tuesday (June 16), U.S. stock markets opened mixed ahead of Fed Chair Kevin Warsh's inaugural rate-decision meeting. The Dow Jones Industrial Average rose 0.58%, the Nasdaq Composite fell 0.03%, and the S&P 500 gained 0.01%. Oil prices dropped sharply, with WTI crude falling 3.36% to $76.77 per barrel as markets priced in potential energy supply recovery following geopolitical easing.

SpaceX continued its strong post-IPO rally, climbing 7.23% to $206.42 per share, extending gains of approximately 57% since its $135 IPO price. The 10-year U.S. Treasury yield declined to 4.44%, reflecting expectations for the Fed's policy stance ahead of this week's decision.