PANews reported on June 12 that U.S. stock index futures rose ahead of the market open on Friday, primarily driven by optimism surrounding SpaceX's upcoming IPO. Expectations of a potential interim peace agreement in the Iranian conflict also boosted market sentiment. Nasdaq announced that SpaceX would list on Nasdaq at 9:50 a.m. ET and begin trading at 10:00 a.m. Pre-IPO derivatives trading indicated that the stock was expected to rise by 30% to 50% as retail investors flocked to the market. Todd Sohn, chief ETF strategist at Strategas Securities, stated that stock index futures prices were rising because "it's a combination of factors, including weaker oil prices, the SpaceX hype, and the market still being built on a strong earnings foundation." Regarding SpaceX, he said, "Demand has clearly surged to its peak."