U.S. stocks rose after oil prices fell again, and SpaceX soared in its highly anticipated debut on Wall Street.
The S&P 500 rose 0.5% Friday. The Dow added 0.7%, and the Nasdaq composite gained 0.3%.
Stocks got a lift from a 3.4% drop for Brent crude oil’s price, as hopes remain for a potential U.S.-Iran deal to get oil flowing globally again. SpaceX soared 19.2% in its first day of trading, suggesting investors still have plenty of demand for AI-related stocks. Other AI stocks were mixed following their sharp swings over the last week.
On Friday:
The S&P 500 rose 37.16 points, or 0.5%, to 7,431.46.
The Dow Jones Industrial Average rose 353.51 points, or 0.7%, to 51,202.26.
The Nasdaq composite rose 79.18 points, or 0.3%, to 25,888.84.
The Russell 2000 index of smaller companies rose 22.96 points, or 0.8% to 2,943.99.
For the week:
The S&P 500 is up 47.72 points, or 0.6%.
The Dow is up 335.48 points, or 0.7%.
The Nasdaq is up 179.41 points, or 0.7%.
The Russell 2000 is up 110.49 points, or 3.9%.
For the year:
The S&P 500 is up 585.96 points, or 8.6%.
The Dow is up 3,138.97 points, or 6.5%.
The Nasdaq is up 2,646.85 points, or 11.4%.
The Russell 2000 is up 462.09 points, or 18.6%.
