U.S. stocks rose as lower oil and SpaceX's strong market debut tested investor appetite for mega-growth listings.

Wall Street ended the week with a relief rally that combined lower oil prices, resilient risk appetite and one of the most closely watched public-market debuts in years.

AP reported that the S&P 500 rose 0.5% on Friday, June 12, while the Dow Jones Industrial Average gained 0.7% and the Nasdaq Composite added 0.3%. The Russell 2000 rose 0.8%, extending a strong week for smaller companies.

Two forces shaped the session. Brent crude fell 3.4% as investors priced a lower risk of a prolonged Middle East supply shock, while SpaceX surged 19.2% in its Wall Street debut. Together, they gave the market a mix of macro relief and growth enthusiasm.

The SpaceX move is especially important because large listings can reveal how much liquidity investors are willing to commit to capital-intensive growth stories. A strong debut suggests public-market demand remains deep for companies tied to aerospace, communications infrastructure, defense technology and the broader future-economy trade.

That appetite matters beyond one stock. The IPO pipeline is being watched closely as other high-profile private companies consider public listings. If investors can absorb a major debut without destabilizing other growth names, the market window stays open.

The rally also shows how sensitive equities remain to oil. Lower crude can reduce fears that inflation will force the Federal Reserve into a more restrictive posture. That is why a commodity move can lift technology, small caps and cyclicals at the same time.

The risk is that both supports are fragile. IPO excitement can fade once valuation scrutiny begins, and oil can turn quickly if diplomacy breaks down. For now, though, the market is signaling that it still has room for mega-growth stories when the macro backdrop stops getting worse.

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