Stocks rallied to close the week as two bullish catalysts converged. On the geopolitical front, news was that a peace deal between the United States and Iran could be signed as early as this weekend. A reopening of the Strait of Hormuz would go a long way to offsetting inflation concerns.
Investors also cheered the public debut of SpaceX (NASDAQ: SPCX) on June 12. This is the largest initial public offering (IPO) in history, valued at nearly $1.8 trillion.
