Aaron Rennie
14 min read
Major stock indexes rose Friday, closing higher for the week, as SpaceX shares jumped in their highly anticipated debut.
The blue-chip Dow Jones Industrial Average, benchmark S&P 500, and tech-focused Nasdaq Composite finished up a respective 0.7%, 0.5%, and 0.3% today, with the Dow adding more than 350 points.
The focus of investors' attention Friday was on the public debut of Elon Musk's SpaceX, which opened on the Nasdaq under the ticker "SPCX" at $150, up from their IPO price of $135. They closed above $160, up 19%. Officially Space Exploration Technologies, the company's $75 billion raised marked the largest IPO in history. (Read our full SpaceX IPO coverage here.)
Oil prices were lower after Iran and the U.S. gave conflicting accounts of the terms of a draft agreement to end their war. President Donald Trump wrote on Truth Social that "terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing," but Iranian Foreign Minister Seyed Abbas Araghchi later wrote on X that a memorandum of understanding "has never been closer."
West Texas Intermediate futures, the U.S. crude oil benchmark, were 3.8% lower at $84.35 a barrel at 4 p.m. ET, while front-month contracts of Brent crude, the global benchmark, settled down about 3.5% at $87.33.
Shares of the Magnificent Seven tech giants finished mixed. Tesla (TSLA), another one of Musk's companies, closed up 1.6% after pacing the septet with a 4.6% advance yesterday.
Adobe (ADBE) sank nearly 7% after executives said its short-term annualized recurring revenue growth will be pressured as the company prioritizes its "freemium" AI offerings to grow its user base, and its CFO Dan Durn was leaving. Marvell Technology (MRVL) announced its was hiring Durn to be its finance chief.
The 10-year Treasury yield, which influences interest rates on mortgages and other consumer loans, was near 4.49%, up from Thursday's close around 4.47%.
Bitcoin traded around $63,600, little changed over the past 24 hours. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, was 0.1% lower at 99.78. Gold futures rose almost 3% to $4,230 an ounce.
JUNE 12, 2026 AT 07:50 PM GMT
Stock Indexes Close Higher for Week
The three major U.S. stock indexes bounced back this week.
The Nasdaq Composite, S&P 500, and Dow Jones Industrial Average finished a respective 0.6%, 0.5%, and 0.6% higher over the five sessions after all closed lower last week.
It was the 10th time in 11 weeks that the benchmark S&P 500 had a positive week.
For the year, the Nasdaq, S&P 500, and Dow are up roughly 11%, 8.5%, and 6.5%, respectively.