NEW YORK (AP) — U.S. stocks are rising Friday after oil prices fell again and as Wall Street waits for the highly anticipated debut of SpaceX coming later in the day. It's the first of three gargantuan companies in the artificial-intelligence industry expected to start selling their shares on the U.S. market, and it could show how hungry investors still are for AI stocks following vicious swings and big doubts for them over the last week.
The S&P 500 rose 0.6%. The Dow Jones Industrial Average was up 480 points, or 1%, as of 11:11 a.m. Eastern time, and the Nasdaq composite was 0.4% higher.
Stocks got a lift from a 3.1% dip for the price of Brent crude oil to $87.58 per barrel, deepening its loss for the week. Oil prices have come down since President Donald Trump on Thursday called off his threat to launch strikes on Iran and said a potential deal with Iran may be imminent.
