U.S. Stocks and world shares advanced on Friday following a significant drop in oil prices. The S&P 500 rose 0.5% to close at 7,431.46, marking its 10th winning week in the last 11. The Dow Jones Industrial Average climbed 353 points to 51,202.26, while the Nasdaq composite gained 0.3% to 25,888.84. Oil prices fell more than 4% on Friday, with Brent crude dropping 3.4% to $87.33 per barrel. This decline followed an announcement by President Donald Trump on Thursday, in which he called off threats of strikes on Iran and stated that a potential deal to end the war may be imminent. The Killeen Daily Herald reported that Trump claimed there was a breakthrough in talks to end the Iran war. A deal could potentially reopen the Strait of Hormuz, a key waterway for oil and gas transit that has been largely closed since the war began, which has contributed to global inflationary pressures. In the technology sector, SpaceX saw a 19.2% leap in its Wall Street debut, reaching a total value of $2.1 trillion. This valuation makes the company larger than Exxon Mobil, Bank of America, and Coca-Cola combined. While SpaceX’s performance suggested continued demand for artificial intelligence, other AI-related stocks were mixed; Micron Technology dropped 1.4%, while CoreWeave jumped 5% following news of its upcoming inclusion in the Nasdaq 100 index. Conversely, Adobe shares fell 6.8% despite beating profit and revenue expectations. In the bond market, the yield on the 10-year Treasury rose to 4.48% from 4.45% on Thursday. This increase followed a University of Michigan preliminary survey indicating that U.S. Consumer sentiment improved more than expected, partly due to easing gasoline prices. International markets also saw gains, with South Korea’s Kospi jumping 4.6%, Tokyo’s Nikkei 225 rising 2.8%, and France’s CAC 40 climbing 1.8%.