Stock Market Today: S&P 500 Hits ATH, Dow Surges 929 Points
The post Stock Market Today: S&P 500 Hits ATH, Dow Surges 929 Points appeared on BitcoinEthereumNews.com.
The S&P 500 pushed above the 7,100 level for the first time on Friday, gaining 1.3% to hit a new all-time high of $7,147, while the Dow Jones Industrial Average surged 929 points. At the same time, the Nasdaq climbed 1.4%, signaling a broad-based rally across equities. Investors reacted quickly after Iran announced that the Strait of Hormuz would remain open during the ongoing ceasefire period. Markets React Swiftly To Hormuz Reopening Momentum built early in the session as traders digested Iran’s statement confirming that commercial vessels could pass through the key shipping route. The announcement followed a ceasefire agreement between Israel and Lebanon, which took effect Thursday evening. Why did this matter so much? The Strait of Hormuz handles a significant share of global oil shipments. Once fears of disruption eased, markets responded almost instantly. Investors rotated back into risk assets, pushing major indices to fresh highs. The rally extended beyond large-cap stocks. The Russell 2000 also climbed 2%, reaching a new record. This move showed that smaller companies, often more sensitive to economic shifts, joined the broader upswing. Oil Prices Drop As Supply Fears Fade At the same time, oil markets moved in the opposite direction. West Texas Intermediate crude dropped about 10%, trading above $84 per barrel, while Brent crude fell roughly 9% to around $90. This sharp decline reflected a shift in expectations. Traders had priced in supply disruptions during the conflict. Once Iran signaled openness to shipping, those concerns quickly unwound. Still, uncertainty has not disappeared. Some reports suggested that restrictions could apply to vessels linked to certain countries. Could that limit the full impact of the reopening? It might, and markets appear aware of that possibility. Policy Signals Keep Investors Engaged Meanwhile, President Donald Trump welcomed the development and expressed confidence that a broader…
Filed under: News - @ April 17, 2026 8:28 pm