U.S. Stocks rose on Friday as oil prices fell and SpaceX made its debut on Wall Street. The S&P 500 added 0.5% to close at 7,431.46, marking its 10th winning week in the last 11. The Dow Jones Industrial Average climbed 353.51 points to 51,202.26, while the Nasdaq composite gained 79.18 points to 25,888.84. The market received a lift from a 3.4% drop in Brent crude oil, which fell to between $87.29 and $87.33 per barrel. This decline followed a Thursday announcement by President Donald Trump calling off threats of strikes on Iran and suggesting a potential deal may be imminent. A deal could reopen the Strait of Hormuz, which has been nearly closed since the war began, potentially allowing oil tankers to deliver crude from the Persian Gulf to global customers. SpaceX saw a significant debut on the Nasdaq under the ticker SPCX, opening at $150, which was 11% above its $135 IPO price. The stock reached as high as $168.75 during its first day of trading. The company raised approximately $75 billion by selling more than 555 million shares, making it the largest IPO in history. Reports on the company’s valuation varied, with one outlet stating the debut gave SpaceX a total value of $1.9 trillion, another stating $2.1 trillion, and a third noting the $135 IPO price put the value north of $1.75 trillion. While SpaceX’s debut suggested continued investor demand for AI, other AI-related stocks were mixed. CoreWeave jumped between 5% and 8.1% following news of its upcoming inclusion in the Nasdaq 100 index. Conversely, Broadcom fell 1.3% and Micron Technology dropped 1.4%. Adobe shares fell between 6.8% and 7.5% despite reporting stronger-than-expected quarterly profits and revenue. In the bond market, the yield on the 10-year Treasury rose to between 4.47% and 4.48%. This increase followed a University of Michigan survey indicating that U.S. Consumer sentiment improved more than expected, partly due to easing gasoline prices. International markets also rallied, with South Korea’s Kospi jumping 4.6%, Tokyo’s Nikkei 225 rising 2.8%, and France’s CAC 40 climbing 1.8%.