New Delhi, June 12 -- US equities are drifting on Friday as investors assessed conflicting updates on Middle East diplomacy while bracing for SpaceX's historic public market debut.

As of 10:05 a.m. Eastern Time, the S&P 500 rose 0.1%. The Dow Jones Industrial Average was up 0.3%, and the Nasdaq Composite was 0.3% lower.

In early trading, the Dow Jones Industrial Average was flat at 50,858.98. The broad-based S&P 500 slipped 0.2% to 7,380.09, while the tech-rich Nasdaq Composite Index dropped 0.3% to 25,724.16.

Global market sentiment initially surged following President Donald Trump's Thursday remarks, which hinted that a comprehensive peace treaty to resolve the regional conflict and unblock the vital Strait of Hormuz could be finaliz...