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AAP
AAP
Business
CHAN HO-HIM and MATT OTT (AP Business Writers)

Wall Street extends gains ahead of SpaceX debut; Trump claims a breakthrough in Iran war talks

SpaceX Donald Trump Iran Wall Street Adobe Elon Musk Oil United States

Wall Street's rebound continued into early Friday and oil prices sank more than 3% after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war.

Futures for the S&P 500 were 0.6% higher before the opening bell, while futures for the Dow Jones Industrial Average added 0.7%. Nasdaq futures rose 0.5%.

Investors in the U.S. and elsewhere also were awaiting the Friday debut on Wall Street of SpaceX, Elon Musk's rocket company, which is set to become the largest IPO on record, raising around $75 billion. With a net worth that Forbes estimates at $982.6 billion, Musk is on track to become the world's first trillionaire.

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