12:45 PM EDT, 06/12/2026 (MT Newswires) -- (Updates with index moves and new information influencing markets from the first paragraph.)

US equity indexes traded mixed amid conflicting reports on the terms of a draft deal between Iran and Washington to the end war in the Middle East and Space Exploration Technologies ( SPCX ) making history with its stock market debut.

The Dow Jones Industrial Average rose 0.4% to 51,047.9, followed by a 0.1% increase in the S&P 500 to 7,404.3 in midday trading on Friday. The Nasdaq Composite fell 0.2% to 25,749.4.

In company news, shares of Space Exploration Technologies ( SPCX ) opened at $150, above the initial public offering price of $135 per share, making Elon Musk the world's first trillionaire. Shares traded 21% after the open.

President Donald Trump decried Tehran as "dishonorable" for what he said were inaccurate state media descriptions of a potential interim US-Iran agreement, CNN reported. Iran's foreign minister said a deal "has never been closer," according to CNN.

Iran's Mehr News Agency reported that a draft deal includes a commitment from the US to lift oil sanctions and that final negotiations will not begin until half of Iran's frozen funds are released and a US naval blockade ends, according to CNBC. The deal also includes a pledge from Iran to reopen the Strait of Hormuz within 30 days, among other points, Mehr reported, according to CNBC.

Crude oil futures slumped, with front-month global benchmark North Sea Brent sliding 3.8% to $84.38 per barrel and US West Texas Intermediate lower by 3.9% to $86.87 per barrel.

Most US Treasury yields rose, with the 10-year up 1.8 basis points to 4.48% and the two-year climbing 1.1 basis points to 4.08%.