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Wall Street rises as SpaceX IPO boosts stocks
Wall Street indices rose significantly, boosted by the soaring share of SpaceX in its debut on the Nasdaq, where the stock price reached $161.11, up 19%, surpassing its initial offering price of $135. The S&P 500 closed up by 0.5% at 7,431.46 points, and the Nasdaq gained 0.31% to 25,888.84 points, while the Dow Jones increased by 353.51 points (0.7%), reaching 51,202.26 points. The market gains came amid optimism about the possible reaching of a peace agreement between the United States and Iran, including the lifting of sanctions and sharing interests in the Strait of Hormuz.
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