USA: Stocks Swing Higher Ahead of SpaceX IPO.

US stocks swung higher on a choppy Friday, extending the rebound from yesterday on lingering hopes of a deal between the US and Iran, while markets awaited the SpaceX IPO. The S&P 500 and the Nasdaq 100 gained over 0.5% and the Dow jumped nearly 1%. 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%. AI infrastructure companies wavered ahead of the SpaceX IPO, raising $75 billion for fresh expenditure on data centers and compute capacity. Reports indicated the stock was over four-fold oversubscribed, set to open around 20% over the IPO listing of $135 per share. Chips producers gained with AMD, Qualcomm, and Sandisk up 5%. Hyperscalers were lower, with Microsoft, Amazon, Apple, and Oracle down.