Wall Street ends up on Iran war peace deal hopes, SpaceX's historic debut
By Caroline Valetkevitch and Johann M Cherian
Fri June 12, 2026
Third party sources saying that a peace deal was near bolstered the markets even though, as predicted, today’s SpaceX IPO made trading very choppy as the company was transformed into a $2T valuation. In fact, the huge IPO, the largest in fact in history, put the all too familiar rhetoric of peace in a few days on the back burner even though there was more positive sentiment today.
“There’s still hope for a peace deal. Trump called off the attacks and third parties are confirming that a deal is happening.” This reduced concerns about inflation and interest rates. But experts are urging caution about SpaceX as the fundamentals are still not there. Next week is the Fed meeting, the first with Kevin Warsh. Per the CBOE, 19.9 billion shares were traded, just a bit below the 20.7 average.
DJ: 50,848.75 +929.97 NAS: 25,809.66
+640.16 S&P: 7,394.30 +127.31 6/11
DJ: 51,202.26 +353.51 NAS: 25,888.84
+79.18 S&P: 7,341.46
+37.16 6/12
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