US Stock Market Today: S&P 500, Nasdaq Hit Records as Oil Slides on Hormuz Reopening
Stocks pushed higher Friday, with both the S&P 500 and Nasdaq Composite touching new intraday peaks. The Dow Jones Industrial Average also climbed, marking its strongest level in over two months. The rally followed news from Iran confirming the Strait of Hormuz would stay open to commercial ships during a planned 10-day truce. James Reilly, economist at Capital Economics, described the announcement as a “significant and necessary step” toward a possible end to the conflict.