US Stocks Mixed Ahead of Fed's Warsh Debut; SpaceX Surges 57% Since IPO, Oil Tumbles on Iran Peace Deal

US stocks opened mixed on June 16, 2026, ahead of new Federal Reserve Chair Kevin Warsh's first policy meeting. The Dow Jones gained 0.58% to 51,972 points, while the Nasdaq and S&P 500 held near flat. SpaceX (SPCX-US) jumped 7.2% to $206.42, up 57% since its $135 IPO last week. WTI crude fell 3.4% to $76.77 per barrel. The Fed is expected to hold rates steady June 17-18, but investors are scrutinizing Warsh's inflation outlook. UBS pushed its Fed rate cut forecast to March 2027, anticipating a hawkish tone. Oil extended its longest 2026 decline as the US-Iran peace deal eased supply fears. Goldman Sachs expects Persian Gulf oil exports to recover by July 2026—one month earlier than forecast. BlackRock notes $8-9 trillion in money markets could flow into equities as geopolitical risks fade. Tesla (TSLA-US) fell 2.4% after investor Ross Gerber warned its valuation depends on a SpaceX merger. Robinhood (HOOD-US) rose 1% after announcing a 10% workforce cut.