US close: Stocks rise as SpaceX surges in blockbuster IPO

12th Jun 2026 22:29

(Sharecast News) - Stocks rose on Friday for the second day as the biggest IPO in history went off with a bang, while hopes for a peace deal in the Middle East rose.

The Dow gained 0.7%, the S&P 500 rose 0.5%, and the Nasdaq finished 0.3% higher.

Global stock markets were helped higher by a drop in the price of oil after Donald Trump called off further strikes on Iran and said a peace deal between the two countries could be signed in the coming days.

Trump said: "We just made a great settlement of the war with Iran, and we're going to be subject to finalisation of documents, which should get done over the next few days."

He said a signing ceremony could take place over the weekend, with the documents in a "pretty final shape". He also said the Strait of Hormuz "will officially open as soon as we sign, which could be soon, very soon".

Oil prices fell to multi-month lows, with Brent dropping 3.4% to $87.33 a barrel (its lowest since 5 March) and WTI falling 3.2% to $84.88 (its lowest since 17 April).

In addition to developments in the Middle East, investor attention was also fixed on SpaceX, with Elon Musk's spaceflight, telecommunications and AI company making its trading debut to much fanfare. The company sold 556m shares at $135 each, raising $75bn, marking the biggest IPO in history.

The stock closed the session at $160.95, marking a 19.2% gain on the day, giving the company a market capitalisation of $2.1trn and making it the sixth largest company in the world.

"When the starting valuation is already pushing $2 trillion, adding that much value at the click of a finger is impressive," said Dan Coatsworth, head of markets at AJ Bell.

The debut was closely watched as a barometer of investor appetite ahead of other blockbuster listings scheduled for later this year, including those of OpenAI and Anthropic.

In other equity news, financial stocks were performing well as the macro outlook brightened on hopes of a peace deal. JPMorgan, Bank of America, Citigroup and Goldman Sachs all finished firmly higher.

Chip stocks were also providing a boost, including Intel, Seagate Technology, Western Digital and Arm.

In macro data, the University of Michigan's index of consumer sentiment rose to 48.9 in June from a record-low 44.8 the month before, comfortably ahead of the 46 consensus estimate. The university's consumer surveys director Joanne Hsu attributed the improvement to the "relief" caused by an easing of gasoline prices, though the headline reading was still 19.4% lower than it was a year ago.

Dow Jones - Risers

Intel Corp. (INTC) $124.57 8.04%

Cisco Systems Inc. (CSCO) $121.10 3.35%

Amgen Inc. (AMGN) $355.20 3.19%

Goldman Sachs Group Inc. (GS) $1,062.75 2.62%

Verizon Communications Inc. (VZ) $48.11 2.49%

JP Morgan Chase & Co. (JPM) $320.72 2.31%

American Express Co. (AXP) $325.44 2.18%

Caterpillar Inc. (CAT) $910.57 1.44%

Johnson & Johnson (JNJ) $240.87 1.07%

Visa Inc. (V) $322.39 1.05%

Dow Jones - Fallers

Nike Inc. (NKE) $44.93 -2.24%

Merck & Co. Inc. (MRK) $119.05 -1.40%

Boeing Co. (BA) $219.05 -1.16%

International Business Machines Corporation (CDI) (IBM) $272.24 -0.95%

Salesforce.Com Inc. (CRM) $165.89 -0.34%

Walt Disney Co. (DIS) $100.04 -0.30%

Apple Inc. (AAPL) $291.13 -0.24%

Microsoft Corp. (MSFT) $390.74 -0.09%

S&P 500 - Risers

Western Digital Corp. (WDC) $562.92 14.05%

Seagate Technology Plc (STX) $931.04 13.05%

United Airlines Holdings Inc (UAL) $115.52 11.66%

American Airlines Group (AAL) $14.98 11.16%

Advanced Micro Devices Inc. (AMD) $511.57 9.96%

QUALCOMM Inc. (QCOM) $211.72 9.55%

Micron Technology Inc. (MU) $981.61 8.67%

TripAdvisor Inc. (TRIP) $12.41 8.05%

Intel Corp. (INTC) $124.57 8.04%

Mosaic Company (MOS) $22.69 7.59%

S&P 500 - Fallers

KLA-Tencor Corp. (KLAC) $254.54 -88.61%

Adobe Systems Inc. (ADBE) $204.02 -10.44%

Autodesk Inc. (ADSK) $198.43 -9.41%

Coterra Energy Inc. (CTRA) $32.56 -8.62%

Lennar Corp. Class A (LEN) $90.30 -4.90%

News Corp Class B (NWS) $29.26 -3.72%

News Corp Class A (NWSA) $25.68 -3.53%

Apache Corp. (APA) $37.02 -2.99%

Diamondback Energy Inc. (FANG) $192.13 -2.88%

Eli Lilly and Company (LLY) $1,133.00 -2.35%

Nasdaq 100 - Risers

Western Digital Corp. (WDC) $562.92 14.05%

Seagate Technology Plc (STX) $931.04 13.05%

American Airlines Group (AAL) $14.98 11.16%

QUALCOMM Inc. (QCOM) $211.72 9.55%

Micron Technology Inc. (MU) $981.61 8.67%

Intel Corp. (INTC) $124.57 8.04%

Applied Materials Inc. (AMAT) $567.25 7.59%

Lam Research Corp. (LRCX) $366.81 7.57%

Charter Communications Inc. (CHTR) $145.82 6.86%

Tesla Inc (TSLA) $406.43 6.33%

Nasdaq 100 - Fallers

KLA-Tencor Corp. (KLAC) $254.54 -88.61%

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

Adobe Systems Inc. (ADBE) $204.02 -10.44%

Autodesk Inc. (ADSK) $198.43 -9.41%

Mondelez International Inc. (MDLZ) $62.99 -1.82%

Workday, Inc. (WDAY) $130.80 -1.48%

Cintas Corp. (CTAS) $176.28 -1.34%

Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $467.74 -1.22%

Intuit Inc. (INTU) $276.73 -0.99%

Illumina Inc. (ILMN) $160.97 -0.70%