Dow Surges While New Space IPO Shakes Markets

• Dow Jones surged over 350 points, closing the week on a high note.
• Investor sentiment remained in the “fear” zone, with the Fear & Greed Index at 34 (up from 31.6).
• SpaceX made its first public offering, with shares leaping more than 19%—the largest IPO in history.

Economic Data

• The University of Michigan’s consumer confidence index jumped to 48.9, beating expectations and indicating a willingness to spend.

Stock Movements

Market Performance

• S&P 500 and Nasdaq gained modestly, led by technology and financial sectors.
• Utilities and materials stocks delivered the biggest gains for the Dow.

Sentiment & Outlook

The Fear & Greed Index, ranging from 0 to 100 and based on seven indicators, reflects a mix of cautious optimism and lingering anxiety—particularly regarding political developments in the Middle East.