Finacial Markets SpaceX IPO

Gwynne Shotwell, President and COO of SpaceX, right, poses with colleagues during a bell ringing ceremony for the IPO of SpaceX at the Nasdaq MarketSite in New York, Friday, June 12, 2026, in New York.

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US stocks rise after oil prices ease and SpaceX soars in its debut on Wall Street

US stocks rise after oil prices ease and SpaceX soars in its debut on Wall Street

U.S. stocks rose after oil prices fell again, and SpaceX soared in its highly anticipated debut on Wall Street. The S&P 500 rose 0.5% Friday. The Dow added 0.7%, and the Nasdaq composite gained 0.3%. Stocks got a lift from a 3.4% drop for Brent crude oil's price, as hopes remain for a potential U.S.-Iran deal to get oil flowing globally again. SpaceX leaped 19.2% in its first day of trading, suggesting investors still have plenty of demand for AI-related stocks. Other AI stocks were mixed following their sharp swings over the last week.