US Stocks Rise on SpaceX Debut and Iran Hopes

2026-06-12 20:25 By Agna Gabriel 1 min. read

US stocks rose on Friday as SpaceX’s strong market debut boosted sentiment and investors remained optimistic about a possible peace agreement between the US and Iran.

The S&P 500 gained 0.5%, the Nasdaq rose 0.3%, and the Dow Jones advanced 0.7%.

SpaceX opened on the Nasdaq at $150 per share, above its $135 IPO price, and surged more than 20% shortly after trading began before closing 19% higher at $161.11.

The rally lifted confidence across markets, with some investors viewing other shares as undervalued.

Nvidia was slightly higher, while AMD and Alphabet gained 4.7% and 0.5%.

Broadcom, Palantir, Amazon and Meta closed lower.

Markets briefly weakened after President Trump warned Iran to “get their act together,” but sentiment improved after reports suggested progress toward a US-Iran agreement.

Iranian media said the draft deal includes lifting oil sanctions and reopening the Strait of Hormuz, and reports indicated a potential signing could take place in Switzerland as soon as Sunday.



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