Wedbush initiates coverage of SpaceX (SPCX.O) with Outperform rating and $190 PT.

Nationwide said UK house prices were flat in June for a second consecutive month, with the average at £277,484 after a 0.6% fall in May, missing economists’ 0.1% growth forecast. Middle East hostilities disrupted the mortgage market and ended the strong early‑year price momentum. Mortgage rates have eased from April peaks but remain above pre‑conflict levels. With investors increasingly expecting a US‑Iran ceasefire to hold, market bets on further Bank of England hikes have eased, leaving scope for mortgage costs to fall further in coming months.

Ecuador's national electricity authority said multiple provinces are experiencing power outages after an explosion at a power substation.