Stocks Hit Record Highs After Strait of Hormuz Is Declared Open | Closing Bell
This is comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Stocks surged Friday, sending the Nasdaq 100 Index to its longest winning streak since 2013, as Iran reopened the vital Strait of Hormuz and President Donald Trump said a deal to end the seven-week war could be finalized soon.
The S&P 500 closed 1.2% higher, extending a five-day advance that’s pushed it back over January’s record high, and the Dow Jones Industrial Average jumped 1.8%.
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