Morning Wrap: ASX 200 to rise as S&P 500 climbs on SpaceX debut and US-Iran announce peace deal

Major US benchmarks closed higher and near session highs as Iran peace hopes and SpaceX's debut buoyed risk appetite

Strong breadth with all sectors (except Healthcare) higher, Equal-weight S&P 500 (+0.91%) outperformed the cap-weighted benchmark by 41 bps

SpaceX's record listing reopens the mega-IPO window, with former Nasdaq chief Robert Greifeld predicting OpenAI and Anthropic could follow with public debuts this year (YF)

Chip and AI names were mixed, with pressure on ASML, Super Micro and Marvell, while Schwab strategists noted nearly half of 2026 US earnings growth is concentrated in tech (SCFR)

Big stock swings signal choppy markets, driven by AI jitters and major IPOs influencing index movements (WSJ)

Global banks limit hedge funds' leveraged bets on SK Hynix and Samsung amid concerns after rally and recent volatility(BBG)

US bank stocks hit record high on Iran deal momentum, upcoming IPOs (BBG)