US stocks rise as oil prices fall and SpaceX surges 19% in market debut
By
Stan Choe
An everything bagel for the brain. Substantive, layered, well-seasoned.
Summary
U.S. stocks rose on Friday, with the S&P 500 adding 0.5% for its 10th winning week in 11, as oil prices fell 3.4% following President Trump calling off strikes on Iran. SpaceX surged 19.2% in its highly anticipated Wall Street debut, signaling strong investor demand for AI-related stocks. The Dow climbed 353 points (0.7%) and the Nasdaq gained 0.3%, while other AI stocks showed mixed performance after recent volatility.
Key quotes
· 3 pulledSpaceX leaped 19.2% in its first day of trading, suggesting investors still have plenty of demand for AI-related stocks.
Stocks got a lift from a 3.4% drop for the price of Brent crude oil to $87.33 per barrel, deepening its loss for the week.
The S&P 500 added 0.5% to close out its 10th winning week in the last 11.
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