Wall Street shares rose on Friday as oil prices fell following claims from U.S. President Donald Trump regarding a breakthrough in talks to end the war with Iran. The S&P 500 added 0.5% to close its 10th winning week in the last 11, while the Dow Jones Industrial Average climbed 353 points or 0.7%, and the Nasdaq composite gained 0.3%. Oil prices sank significantly, with the Durango Herald reporting a drop of more than 3% and the Northeast Mississippi Daily Journal reporting a drop of more than 4%. Brent crude fell to between $87.33 and $87.44 a barrel, while U.S. Crude shed $3.05 to $84.66. Investors reacted to Trump’s Thursday announcement that he called off military strikes against Iran and asserted that a “great settlement” was made, potentially allowing for the reopening of the Strait of Hormuz. While some analysts noted that previous claims of a deal have not always resulted in a lasting peace, others observed more positive sentiment regarding the current situation. SpaceX made its highly anticipated Wall Street debut, with the company’s stock leaping 19.2% on its first day of trading. The Killeen Daily Herald and Oskaloosa Herald reported that this debut gave the rocket company a total value of $2.1 trillion, making it larger than the combined value of Exxon Mobil, Bank of America, and Coca-Cola. The Durango Herald noted that if shares hold at their offering price, the company’s market value would be $1.77 trillion. In other market activity, Adobe shares fell between 6.8% and 7.3% despite the company beating sales and profit targets and raising full-year guidance. Adobe also announced that its chief financial officer is stepping down and the company is seeking a new CEO. Also, 10-year Treasury yields rose to 4.48% following a University of Michigan report suggesting U.S. Consumer sentiment improved more than expected. Global markets also saw gains, including a 4.6% jump in South Korea’s Kospi and a 2.8% rise in Tokyo’s Nikkei 225.