12.06.202615:45:58UTC+00US Stocks Swing Higher Ahead of SpaceX IPO

US stocks finished higher after a volatile Friday session, extending the prior day’s rebound on persistent optimism about a potential US–Iran agreement and as investors looked ahead to the SpaceX IPO. The S&P 500 and Nasdaq 100 each advanced more than 0.5%, while the Dow rose nearly 1%.

Sentiment improved after Iran’s foreign ministry suggested a deal with the US was closer than ever, prompting a pullback in energy prices following a week of mixed messages from President Trump. Financials outperformed as bond yields retreated from their intraday highs, with Goldman Sachs and Blackstone climbing more than 3.5%.

AI infrastructure names traded mixed ahead of the closely watched SpaceX debut, which is expected to raise $75 billion to fund new data centers and computing capacity. The offering was reportedly more than four times oversubscribed and is projected to begin trading about 20% above its IPO price of $135 per share.

Semiconductor stocks strengthened, with AMD, Qualcomm, and SanDisk each gaining around 5%. In contrast, large cloud and platform providers were weaker, with Microsoft, Amazon, Apple, and Oracle all ending lower.