Wall Street climbs as SpaceX shares launch, oil slides on Mideast deal hopes (opens original article in a new tab)

Wall Street rose as SpaceX's stock debut surged, while oil prices dropped on Middle East peace deal hopes.

• Wall Street closed higher as SpaceX's stock surged 19% in its Nasdaq debut, valuing the company over US$2 trillion.
• Oil prices fell below US$90 a barrel amid hopes of a Middle East peace deal between the US and Iran.
• Major US indices like the S&P 500 gained 0.5%, while Asian markets saw mixed results with Japan's Nikkei up nearly 3%.