The Los Angeles mayoral election saw several market movements. Markets tracking the Los Angeles Mayor winner, the first-round winner, and who would advance all reflected news that Karen Bass and Nithya Raman won the 2026 election. One report specified that a Democratic Socialist candidate advanced past a GOP-funded opponent. Separately, the market tracking Spencer Pratt's vote percentage in the first round of the Los Angeles mayoral election moved from 0.83¢ to 0.55¢. No clearly matching news surfaced around this specific move.

Economics

Iran announced the reopening of the Strait of Hormuz under new conditions. This development touched markets tracking when traffic at the Strait of Hormuz would return to normal.

Tech & AI

News emerged that the SpaceX IPO was oversubscribed with more than $10 billion in orders. This development touched markets tracking when SpaceX would officially announce an IPO and which companies would officially announce an IPO this year.

Crypto

Crypto markets were reported to be closely watching the announcement from Iran regarding the reopening of the Strait of Hormuz under new conditions.