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US stocks rise as oil falls and SpaceX soars in its debut on Wall Street
US stocks rose as oil prices fell and SpaceX surged in its Wall Street debut, marking the first AI industry IPO. The S&P 500, Dow Jones, and Nasdaq all gained, with SpaceX's stock jumping 25% to a $2.21 trillion valuation. Tensions with Iran eased after President Donald Trump called off strike threats, contributing to lower oil prices.
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