The New York Fed’s Empire State Manufacturing Index fell to 5.7 in June, down from 19.6 in the prior month and below market estimates of 14, signaling a sharp cooldown in New York State factory activity. U.S. industrial production rose 0.1% in May, missing expectations for a 0.3% gain. Oil sank 5.4% to $80.28, while tech shares led gains and energy stocks fell 3.5%.

Tesla shares gained 1.13% to $411.02 on Monday as speculation intensified about a potential combination with SpaceX. Prominent investors, including Ross Gerber, voiced support for a merger, while Wedbush’s Dan Ives put the odds of a deal within a year at 80%. Optimism around Tesla’s Optimus humanoid robot also helped lift sentiment.

Exxon Mobil shares fell 3.46% to $141.77 in a single session, with the stock breaking below its 20-, 50- and 100-day moving averages. The decline was attributed to a pullback in oil prices. The drop in crude was linked to rising expectations that Iranian oil exports could resume if an Iran nuclear deal is reached, weighing on the company’s upstream profit outlook.

Strategy bought Bitcoin from June 8 to June 14 at an average price of $63,024, taking its total holdings to 846,842 BTC. Over the same period, the company sold 1.73 million MSTR shares through an at-the-market program to raise $209 million. It said the proceeds funded both the Bitcoin purchase and a $100 million increase to its USD Reserve. The reliance on equity issuance rather than Bitcoin or cash has fueled concerns about dilution for common shareholders.

The article says SpaceX has begun operating as a publicly traded company, making it a second listed firm in Elon Musk’s orbit. Direxion has introduced an ETF positioned around an “All Things Elon” trade thesis that it frames as an extension of the Tesla trade. The development does not change Tesla’s fundamentals, but it reinforces a narrative of ecosystem synergies that could drive a market repricing of Tesla. The piece provides no key details on a SpaceX IPO timeline, valuation, or deal size, and discloses no material financial or operating updates.

Nebius Group (NBIS) rallied 7.11% as investors reacted to its upcoming inclusion in the Nasdaq-100 Index. The move comes as the company’s AI cloud business posts rapid growth, including Q1 2026 revenue up 684% year over year, alongside its emphasis on technical self-reliance and strong institutional demand. The addition stems from Nasdaq’s quarterly index reconstitution, and the broader focus on other new constituents has also helped lift appetite for high-beta growth stocks.

Marvell shares rose 3.91% to $290.63 on Monday, supported by a bullish technical setup with the 20-, 50- and 200-day moving averages aligned to the upside and a positive MACD signal. The stock is moving closer to its 52-week high of $324.20. The company named a new CFO and reaffirmed its FY27 second-quarter outlook, while investors are looking to the Aug. 27 earnings report, with Wall Street expecting EPS of $0.88 and revenue of $2.70 billion.

SpaceX shares (SPCX) surged as high as $176 intraday on their first session after the IPO, moving above the 12-month targets set by New Street Research and Wolfe Research. The stock finished the day at $160.95. It then extended gains to $170.75 in the next session, approaching Wolfe’s $175 objective while remaining below Oppenheimer’s $190 target.

Intel shares rose 3.38% to $128.78 in Monday premarket trading, nearing a 52-week high of $132.75. The gains came as semiconductor stocks advanced more broadly and the chart setup stayed constructive, with the stock about 13.7% above its 20-day moving average and a golden cross formed in August 2025. Momentum signals were mixed, with MACD indicators pointing to cooling upside. The next major catalyst is the company’s estimated July 23, 2026 earnings report.