Iran peace deal, SpaceX IPO and World Cup concerns - Reuters

<a href="https://news.google.com/rss/articles/CBMilAFBVV95cUxPUUFnQU9XVWFUMnpwaUNNZy1YaWF5SGZSTnlwZm9XTjA2UnNDeG4zdGsyaV9zQUYxOURwVWtEN0g1RUF4LVhqbkdCQk81SGxjWlRpeFdHYWdQM1VQZmphY3AzaF9lRlZiY3k5TFkzLTlnbHNWN3V6NEVQU09yLWNiR1dyUEhBYWZ6X3ZCVUM2UzVjSjNt?oc=5" target="_blank">Iran peace deal, SpaceX IPO and World Cup concerns</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

U.S. stocks opened with a small gain, supported by optimism about the pending trading of SpaceX, which made history with the biggest-ever IPO, and the potential for an interim peace deal in the Iran conflict. The S&P 500 Index advanced 0.1%, while the Nasdaq 100 Index slipped 0.1%. Investors are closely watching developments in both the SpaceX IPO and the U.S.-Iran peace negotiations.

Wall Street ended higher amid hopes for a U.S.-Iran peace deal and a strong market debut for SpaceX. The benchmark S&P 500 index rose 0.5% to close at 7,430.86 points, the blue-chip Dow Jones Industrial Average climbed 0.7% to finish at 51,202.29 points, and the tech-heavy NASDAQ Composite added 0.3% to conclude at 25,888.84 points. SpaceX's stock settled about 19% above its assigned price at a valuation north of $2 trillion, after the rocket maker raised $75 billion in the world’s largest ever initial public offering (IPO).

MSCI's global equities index rose, and oil prices fell on fresh hopes for a peace deal between Iran and the U.S., while investors awaited the hotly anticipated market debut of Elon Musk's SpaceX. Stocks had rallied sharply after U.S. President Donald Trump said the countries were close to a deal. However, terms of a proposed memorandum to end the war in the Gulf appeared to strongly favor Iran, drawing criticism from Trump, who called the reports inaccurate.

U.S. President Donald Trump announced that the U.S. and Iran were close to signing a peace deal, but Tehran denied any imminent agreement. Legal experts questioned the legality of U.S. military strikes on Iranian targets, raising concerns about potential war crimes. The situation remains tense, with both sides at odds over key issues such as the reopening of the Strait of Hormuz and the lifting of sanctions.