U.S. stocks rose as lower oil and a strong SpaceX debut tested whether investors still have appetite for mega-growth listings.

Wall Street ended the week with a rally that combined macro relief and a fresh test of public-market appetite for mega-growth companies.

AP reported that the S&P 500 rose 0.5% on Friday, 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 weekly move for smaller companies.

The session had two clear supports. Brent crude fell 3.4% as investors priced a lower risk of a prolonged oil shock, and SpaceX jumped 19.2% in its first day of trading. Together, those moves gave the market both a calmer macro backdrop and a high-profile growth catalyst.

The SpaceX debut matters because major listings are liquidity tests. When investors can absorb a large, closely watched technology offering without pulling support from the rest of the market, it suggests the IPO window remains open.

That signal will be watched by other private companies and their bankers. A strong debut can encourage more listings, especially among businesses tied to aerospace, communications infrastructure, defense technology, artificial intelligence and long-duration growth themes.

The oil move is just as important. Lower crude can ease inflation anxiety and reduce the risk that central banks will need to respond to an energy-driven price shock. That helps explain why a commodity move can lift both growth stocks and cyclical shares.

The market is not free of risk. IPO excitement can fade after the first trading sessions, and oil can reverse if diplomacy breaks down. But for now, Friday's rally showed that investors are still willing to pay for large growth stories when the macro backdrop stops getting worse.

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