US Stock Market This Week: S&P 500, Nasdaq Close at Records as Oil Tumbles Before Big Earnings Week
U.S. stocks pushed further into record territory Friday, with the S&P 500 and Nasdaq locking in a third consecutive record close. That came as officials in Iran said the Strait of Hormuz would stay open to shipping amid a Lebanon ceasefire, sending oil prices tumbling. For the week, the S&P 500 surged 4.53%, the Nasdaq jumped 6.84%, and the Dow moved up 3.2%.