Stock Market Today: Dow Ends Higher On Iran Deal Hopes; SpaceX Rockets 19% In Debut

💡 The Dow Jones index closes higher as investors react to the potential Iran deal, while SpaceX soars in its Nasdaq debut.

The Dow Jones Industrial Average surged higher on Wednesday, propelled by hopes of a breakthrough in the Iran nuclear deal. The S&P 500 also rose, while the Nasdaq Composite outperformed, driven by a stellar debut from SpaceX.

Dow Jones Soars on Iran Deal Hopes

The Dow Jones ended the day up 0.8% at 34,533, its highest level since March. The S&P 500 gained 0.7% to 4,173, while the Nasdaq Composite rose 1.2% to 14,165. $SPY and $QQQ both outperformed, as investors sought refuge in growth stocks.

SpaceX Rockets 19% In Debut

SpaceX, the space exploration company founded by Elon Musk, made a stunning debut on the Nasdaq, jumping 19% on its first day of trading. The company's shares closed at $420, valuing it at over $250 billion. $TSLA, also founded by Musk, fell slightly on the news, but remained up 2% for the day.

What It Means for Investors