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The Economic Times
The Economic Times

Global markets: Stocks rise as SpaceX makes market debut; oil slides on Gulf peace hopes

SpaceX Oil Iran Donald Trump United States IPO MSCI US Treasury

MSCI's global equities index rose on Friday with Wall Street ending modestly higher as shares of Elon Musk's SpaceX soared in their market debut, while oil prices fell more than 3% on fresh hopes for a peace deal between Iran and the U.S.

Stocks had rallied sharply on Thursday after U.S. President Donald Trump called off attacks on Iran and announced the two countries were close to a deal to end their three-month-old war.

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