Dow Rises on Iran Deal Hopes as SpaceX Begins Nasdaq Trading

Markets move on Iran diplomacy

U.S. stocks rose as traders reacted to headlines suggesting the United States and Iran were closer to an agreement. Oil prices moved lower on the same reports, reflecting expectations that a deal could ease Middle East supply risks and calm energy markets.

The move was driven by optimism, but the diplomatic picture remained unsettled. Iranian foreign minister Abbas Araghchi said a final decision had not been reached, leaving markets to trade on speculation rather than on a signed agreement.

That tension shaped the day’s trading. A confirmed deal could put further pressure on crude and support risk assets, but any sign that talks are stalling could quickly reverse the move.

SpaceX starts trading

At the same time, SpaceX began trading on Nasdaq under the ticker SPCX after pricing its record IPO at $135 a share. The offering raised $75 billion in what was described as the largest IPO ever by proceeds, with 555.6 million shares sold.

AP reported that the stock opened 11% higher at $150 a share, giving the company a market value of about $1.96 trillion at the open. Business Insider later reported trading around $162.98, roughly 20% above the IPO price.

Early indications before the open had pointed to a first trade in the roughly $160 to $175 range. The actual open came in below the top of that band, but it still marked a strong debut for one of the most closely watched listings in years.

What comes next

Traders are now watching whether Washington and Tehran issue a formal statement or whether the deal narrative fades. Oil remains sensitive to any change in the tone of the talks, and crude could reverse if the diplomacy loses momentum.

SpaceX will also stay in focus as the stock moves through its first session. The key question for investors is whether the opening gain can hold after the initial surge of demand and attention.

The day’s trading underscored how quickly markets can react to geopolitical headlines. It also showed that SpaceX’s debut is drawing its own attention, independent of the Iran negotiations, as one of the most significant public-market events in years.