Hormuz Open Triggers Dow 900-Point Rally as Tech Fuels Markets
U.S. stocks rose to fresh highs after Iran said the Strait of Hormuz is completely open to commercial traffic, with the Dow up about 900 points (roughly 1.9%), the S&P 500 up around 1.2%, and the Nasdaq about 1.5%; Netflix fell after-hours on weak quarterly guidance, oil prices slipped, and global markets gained on optimism that tensions are easing and peace talks could progress.