Wall Street rises on Middle East peace optimism as SpaceX rallies 29% in historic debut

US equities rose on Friday driven by optimism over a potential Middle East peace deal to end the regional conflict and reopen the Strait of Hormuz, with the Dow gaining 0.76%, S&P 500 up 0.51%, and Nasdaq up 0.27%. Brent crude plunged as much as 5.1% to its lowest since hostilities began in March, while European natural gas futures fell up to 8.4%, providing significant relief to oil-importing economies like India. Separately, SpaceX debuted with a 29.62% rally to $174.99, valuing the company at over $2 trillion, while gold slipped and Treasury yields rose on inflation concerns ahead of the Fed meeting.