12.06.202620:25:49UTC+00US Stocks Rise on SpaceX Debut and Iran Hopes

US stocks rose on Friday, lifted by SpaceX’s strong market debut and growing optimism over a potential peace agreement between the United States and Iran. The S&P 500 gained 0.5%, the Nasdaq added 0.3%, and the Dow Jones advanced 0.7%.

SpaceX opened on the Nasdaq at $150 per share, above its IPO price of $135, and quickly surged more than 20% after trading began before closing up 19% at $161.11. The successful listing boosted confidence across equity markets, prompting some investors to reassess other stocks as potentially undervalued.

Among major tech names, Nvidia edged higher, while AMD and Alphabet climbed 4.7% and 0.5%, respectively. Broadcom, Palantir, Amazon, and Meta, however, ended the session lower.

Markets briefly softened after President Trump warned Iran to “get their act together,” but sentiment improved following reports of progress toward a US–Iran accord. Iranian media reported that the draft agreement includes lifting oil sanctions and reopening the Strait of Hormuz, with several outlets indicating that a signing ceremony could take place in Switzerland as early as Sunday.