Why did U.S. stocks rise on Friday, and what role did oil prices and geopolitical developments play?

U.S. stocks rose on Friday primarily because Brent crude oil prices fell 3.4% to $87.33 per barrel, easing inflationary pressures; this drop followed President Donald Trump’s announcement that he had called off threats of military strikes on Iran and suggested a potential deal may be imminent — a development that could reopen the Strait of Hormuz and restore Persian Gulf oil shipments, which had previously driven Brent prices up from roughly $70 per barrel and contributed to global inflation.

What was SpaceX’s performance on its Wall Street debut, and how does its valuation compare to major corporations?

SpaceX soared 19.2% in its first day of trading, reaching a total market value of $2.1 trillion — making it larger than Exxon Mobil, Bank of America, and Coca-Cola combined — and highlighting strong investor demand for AI-related assets, especially since SpaceX owns the artificial intelligence company xAI.

US Stocks Rise After Oil Prices Ease, SpaceX Soars in Wall Street Debut

Jun 13, 2026

U.S. stocks advanced as oil prices eased on Iran deal hopes, while SpaceX surged in its Wall Street debut to reach a $2.1 trillion valuation.

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US Stocks Rise After Oil Prices Ease, SpaceX Soars in Wall Street Debut

US Stocks Rise After Oil Prices Ease, SpaceX Soars in Wall Street Debut

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