U.S. Stocks rose on Friday as oil prices fell and SpaceX saw a significant debut on Wall Street. The S&P 500 gained 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 (0.7%) to 51,202.26, while the Nasdaq composite rose 0.3% to 25,888.84. The market received a lift from a 3.4% drop in Brent crude oil, which fell to $87.33 per barrel. This decline followed President Donald Trump’s Thursday announcement calling off threats of strikes on Iran and suggesting a potential deal may be imminent. A deal to end the war could reopen the Strait of Hormuz, potentially allowing oil tankers to deliver crude from the Persian Gulf to global customers. The Strait’s near closure since the war began had previously driven Brent prices up from roughly $70 per barrel. SpaceX’s stock leaped 19.2% on its first day of trading, bringing the company’s total value to $2.1 trillion. This valuation makes it larger than the combined value of Exxon Mobil, Bank of America, and Coca-Cola. While SpaceX owns the artificial intelligence company xAI, 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 analyst expectations for profit and revenue. In the bond market, the 10-year Treasury yield rose from 4.45% on Thursday to 4.48% on Friday. This increase followed a preliminary University of Michigan survey indicating that U.S. Consumer sentiment improved more than expected, partly due to easing gasoline prices. Abroad, the South Korean Kospi jumped 4.6%, Tokyo’s Nikkei 225 rose 2.8%, and France’s CAC 40 climbed 1.8%.