1 hour ago
HomeMarket NewsUS Stock Market Highlights: S&P 500, Nasdaq hit fresh highs, Dow rallies 850 pts as Hormuz easing boosts sentiment
US Stock Market Highlights: US stocks surged to fresh record highs on Friday after Iran said the Strait of Hormuz would remain open, easing tensions in the US-Iran conflict. The S&P 500 rose 1.2% to close above 7,100 for the first time, marking its third straight record close. The Nasdaq Composite gained 1.5% to fresh all-time highs, while the Dow Jones Industrial Average jumped 1.8%, or more than 850 points.
US Stock Market Highlights: US stocks surged to fresh record highs on Friday after Iran said the Strait of Hormuz would remain open, easing tensions in the US-Iran conflict.
The S&P 500 rose 1.2% to close above 7,100 for the first time, marking its third straight record close. The Nasdaq Composite gained 1.5% to fresh all-time highs, while the Dow Jones Industrial Average jumped 1.8%, or more than 850 points.
Oil prices slumped sharply, with Brent crude and West Texas Intermediate futures falling nearly 10% after the reopening announcement during the Israel-Lebanon ceasefire.
Markets have rebounded swiftly from recent geopolitical shocks, led by technology stocks, while Bitcoin has surged roughly $10,000 so far this month.
Meanwhile, Donald Trump said talks with Iran could begin as soon as this weekend and claimed Tehran had agreed to suspend its nuclear program.
