U.S. stocks rose after oil prices fell again, and SpaceX soared in its highly anticipated debut on Wall Street. The S&P 500 rose 0.5% Friday.

U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening.

Weighing on the market was a climb of 1.9% for the price of a barrel of Brent crude oil, the international standard, which brought it back to $97.81. It rose after both the United States and Iran said they launched retaliations for earlier attacks or attempted ones.

Stocks are hanging near their records on Wall Street and crude oil prices eased, relieving some worries about inflation

The United States withdrew 17.8 million ​barrels of crude oil from its ‌inventories, the highest on record, the Energy Information Administration said on Wednesday, as the Iran war has ​cut global supplies and raised demand ​for U.

US stock futures rose on 12 June, buoyed by hopes for a US-Iran peace deal. S&P 500 futures gained 0.6%, while Nasdaq and Dow rose 0.7%. Market sentiment improved after Trump called off military strikes on Iran,

Asian shares climbed sharply on Friday, tracking big Wall Street gains, and oil prices slipped after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war. U.S. futures edged higher.

U.S. stock advanced on Thursday as investors snapped up beaten-down technology shares, while growing optimism over progress in U.S.-Iran peace negotiations boosted risk appetite.