Inflation Surges as Tech Wobbles and SpaceX IPO Looms

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Inflation Surges as Tech Wobbles and SpaceX IPO Looms

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Today's Signal to Alpha covers the major market movers heading into Thursday's session. Wholesale inflation jumped one point one percent in May, double what economists expected, while jobless claims ticked higher to two hundred twenty-nine thousand. The tech sector officially entered correction territory, dragged down by Micron and Intel, raising questions about whether AI's narrow leadership is finally cracking. SpaceX is set to launch the largest IPO in history Friday, with an unprecedented thirty percent of shares allocated to retail investors. We'll also cover President Trump's escalating military actions against Iran, the World Cup kicking off today across North America, and the Knicks pulling off the greatest comeback in NBA Finals history. Plus, developments in DC including a seventy billion dollar Homeland Security funding bill and growing scrutiny on ActBlue donations.

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