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02 Apr 2026
US stocks extend rally on hopes of end to Iran war; SpaceX eyes IPO
(April 2): The rebound in US equities gathered pace on Wednesday as traders grew optimistic about US military operations in Iran ending soon and a batch of strong data showed resilience in the world’s largest economy.
The S&P 500 Index rose 1% as of 11.36am in New York, while the Nasdaq 100 Index jumped 1.5%. The moves build on a Tuesday rally where US equities had their best day since May. Oil prices retreated. Meanwhile, SpaceX has filed confidentially for a widely anticipated initial public offering (IPO), according to people familiar with the matter.