When the last trading day of the week was over, the Dow Jones industrial average had risen 0.7 percent, the S&P 500 index 0.5 percent, while the technology-heavy Nasdaq composite index gained 0.3 percent.
The focus for investors was SpaceX, whose stock rose by nearly 20 percent during its first day of trading on Nasdaq.
Regarding the war between the US and Iran, the mediating country, Pakistan, claimed on Friday that peace "has never been as close as it is now"; however, comments from Iran have been contradictory about how close an agreement is.
The hope for an end to the conflict has caused the price of oil to drop significantly in the past 24 hours; at 10 p.m., a barrel of North Sea oil was trading at just under $87.
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