US stocks rose Friday as SpaceX’s debut caused a trading frenzy. Getty Images Amid hopes for a US-Iran peace deal, the Dow Jones Industrial Average on Friday gained 353 points, or 0.7%, while the S&P 500 and Nasdaq jumped 0.5% and 0.3%, respectively. SpaceX’s mammoth debut could boost investor confidence by signaling that AI, space and tech stocks have been undervalued, Mahoney said. That’s a sharp turnaround from earlier this year, when investors were warning about a potential “AI bubble” akin to the dot-com crash of the late 1990s and early 2000s. “The market has held on fairly well today. Some were speculating that the market would implode today, which of course did not happen,” Mahoney said. Filed under