The U.S. stock market closed higher on Friday, with the Dow Jones, S&P 500, and Nasdaq Composite all posting gains. The S&P 500 rose 37.16 points (0.50%) to 7,431.46, the Nasdaq Composite gained 79.18 points (0.31%) to 25,888.84, and the Dow Jones added 353.51 points (0.70%) to 51,202.26. The broad-based rally was driven by a strong debut for SpaceX, which saw its shares surge following its highly anticipated initial public offering. The market's tone was risk-on, with investors seemingly more optimistic about the economic outlook and corporate earnings.

The most significant macro driver was the historic SpaceX IPO, which marked the first time a space exploration company has gone public. The company's shares soared in their debut, contributing to the overall market rally. Additionally, the market appeared to be reacting positively to the recent U.S.-Iran deal, which could potentially lead to a reduction in tensions in the region. Oil prices also fell, which could be seen as a positive for the broader market. However, the market's performance was not entirely uniform, with some sectors and individual stocks underperforming, likely due to a risk-off mood that persisted from earlier in the week.