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US stock futures rose as Wall Street geared up for SpaceX’s market debut and welcomed easing tensions between the US and Iran.
Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.1%. Futures attached to the benchmark S&P 500 (ES=F) edged up 0.2%. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) rose 0.3%.
SpaceX (SPCX) is set to begin trading on Friday and is expected to be the biggest IPO in history. The company priced its shares at $135, raising about $75 billion and giving it an anticipated market capitalization of $1.78 trillion. Investors’ expectations for the stock are sky-high, and anything less than a sizable first-day gain will draw scrutiny.
Also on Friday, investors will receive the University of Michigan’s reading on US economic sentiment and inflation expectations. The headline consumer sentiment index fell to an all-time low reading of 44.8 in May.
Meanwhile, a rapid cooling of tensions between the US and Iran lifted stocks on Thursday. President Trump backed off of plans to strike Iran for the third time this week and later signaled a peace deal could be imminent.
Coming soon
Stock market coverage for Thursday, June 12, 2026.
