US Stock Market Reaction To SpaceX Listing: Dow Jones, S&P 500, Nasdaq Surge On June 12; Gainers & Losers

US stocks were mostly higher on a volatile Friday session on hopes of a deal between the US and Iran, as SpaceX IPO-ed at the largest offering on record. The S&P 500, Dow, and Nasdaq 100 were all higher following heavy swings during the session. AI infrastructure companies wavered following the SpaceX IPO, raising $75 billion for fresh expenditure on data centers and compute capacity. The AI-to-space company was over 15% higher than its listing of $135 per share moments after trading began, as per Trading Economics data.

The data explained that chips producers gained with AMD, Qualcomm, and Sandisk up 5%. Hyperscalers were lower, with Microsoft, Amazon, Apple, and Oracle edging down. Meanwhile, the Iranian foreign ministry signaled a deal with the US has never been closer, driving energy prices to pull back following a series of mixed statements by President Trump. Financial companies gained as yields eased off session peaks, with Goldman Sachs and Blackstone adding over 3.5%.