{"id":5137,"date":"2026-06-13T15:16:00","date_gmt":"2026-06-13T15:16:00","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5137"},"modified":"2026-06-13T15:16:00","modified_gmt":"2026-06-13T15:16:00","slug":"dow-jumps-350-points-as-spacex-soars-and-iran-deal-hopes-grow","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5137","title":{"rendered":"Dow jumps 350 points as SpaceX soars and Iran deal hopes grow"},"content":{"rendered":"
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US stocks closed higher on Friday as investors welcomed signs of progress toward a potential peace agreement between the United States and Iran, while SpaceX’s blockbuster market debut added to positive sentiment across Wall Street.<\/p>\n

The Dow Jones Industrial Average rose 353.51 points, or 0.7%, to close at 51,202.26. <\/p>\n

The S&P 500 gained 0.5% to finish at 7,431.46, while the Nasdaq Composite added 0.31% to end at 25,888.84.<\/p>\n

Investor optimism was supported by reports suggesting that negotiations between Washington and Tehran were moving closer to a resolution. <\/p>\n

A senior US administration official said a draft proposal had been agreed upon by both sides, while Iranian state media reported that a draft memorandum of understanding included a US commitment to lift oil sanctions and an Iranian commitment to reopen the Strait of Hormuz.<\/p>\n

Bloomberg reported that a peace deal could be signed in Switzerland as soon as Sunday.<\/p>\n

SpaceX debut captures Wall Street’s attention<\/h2>\n

Much of Friday’s market focus centered on Elon Musk’s SpaceX<\/a>, which made its long-awaited debut on the Nasdaq under the ticker symbol SPCX.<\/p>\n

The stock opened at $150 per share, above its initial public offering price of $135. <\/p>\n

Shares surged more than 20% shortly after trading began and ultimately closed up 19% at $160.95.<\/p>\n

The strong debut valued SpaceX at more than $2 trillion and cemented its position among the largest publicly traded companies in the United States.<\/p>\n

Analysts noted that only about 3% to 4% of SpaceX shares are expected to be available for trading, contributing to intense investor demand.<\/p>\n

Iran peace hopes support broader market sentiment<\/h2>\n

Market sentiment also improved as investors assessed developments surrounding a possible end to the conflict between the United States and Iran.<\/p>\n

“The reported progress in peace talks helped to lift sentiment,” said Jake Dollarhide, chief executive officer of Longbow Asset Management.<\/p>\n

“There’s still hope for a peace deal. Trump called off the attacks … Third parties are confirming a peace deal is happening.”<\/p>\n

Dollarhide added that easing geopolitical tensions could reduce concerns about inflation and interest rates by placing downward pressure on oil prices.<\/p>\n

Oil prices remained lower on Friday, with West Texas Intermediate crude futures trading roughly 3% lower at around $84 per barrel.<\/p>\n

Later in the session, Pakistan Prime Minister Shehbaz Sharif said that a \u201cfinal, agreed upon text\u201d of a deal had been reached, helping major indexes recover from earlier weakness.<\/p>\n

Investors look ahead to Fed meeting<\/h2>\n

Investors are now turning their attention toward next week’s Federal Reserve policy meeting, which will be the first chaired by Kevin Warsh.<\/p>\n

While technology stocks delivered mixed performances, several AI-related names remained in focus. <\/p>\n

Advanced Micro Devices gained 4%<\/a>, while Alphabet added 1%. Nvidia was little changed,<\/a> while Broadcom, Amazon, Microsoft and Palantir Technologies finished lower.<\/p>\n

Despite concerns earlier in the week about technology-sector weakness and fund outflows, Friday’s gains reflected renewed investor confidence driven by both geopolitical developments and one of the largest public market debuts in history.<\/p>\n

The post Dow jumps 350 points as SpaceX soars and Iran deal hopes grow<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

US stocks closed higher on Friday as investors welcomed signs of progress toward a potential peace agreement between the United States and Iran, while SpaceX’s blockbuster market debut added to positive sentiment across Wall Street.The Dow Jones Industrial Average rose 353.51 points, or 0.7%, to close at 51,202.26. The S&P 500 gained 0.5% to finish…<\/p>\n","protected":false},"author":1,"featured_media":5138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5137"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5138"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}