S&P 500 Rises 0.18% as Iran Peace Deal Signals and SpaceX IPO Debut Lift U.S. Stocks on June 12

According to reports, U.S. stocks rose on Friday, June 12, as signals of a potential temporary peace agreement between the U.S. and Iran eased risk sentiment. The Dow Jones Industrial Average gained 0.58%, the S&P 500 climbed 0.18%, and the Nasdaq Composite rose 0.03%, while the Semiconductor Index (SOX) fell 1.09%.

Iranian state media reported that the peace agreement draft includes 14 clauses, with the U.S. committing to lift oil sanctions while Iran pledges to reopen the strategically important Strait of Hormuz. The deal also includes a 60-day negotiation period on nuclear issues, with a G7 official stating it could be signed as early as Sunday in Switzerland. Brent crude oil fell 2.6% to around $88 per barrel, marking its lowest level since the conflict's first week. Separately, SpaceX officially launched on Nasdaq (ticker: SPCX-US) with a $75 billion fundraising target through the sale of 555.6 million shares at $135 per share, giving the company a $1.77 trillion valuation.