Major U.S. stock indices up as investors await SpaceX IPO

NEW YORK, (UrduPoint / Pakistan Point News / WAM - 12th Jun, 2026) All three major U.S. stock indices rose after President Donald Trump called off his threat to bomb Iran as Wall Street geared up for SpaceX’s market debut.

At the close, the Dow Jones Industrial Average rose 1.86% to 50,848.75 points, the S&P 500 gained 1.75% to 7,394.30 points, and the Nasdaq Composite climbed 2.54% to 25,809.66 points.