Iran said the Strait of Hormuz has been fully reopened to commercial vessels, sending US equities sharply higher on Friday. The DJIA once surged by as much as 1,139 points, or 2.3%, to a peak of 49,717, and closed up 868 points, or 1.8%, at 49,447. The Nasdaq rose 365 points, or 1.5%, to 24,468; the S&P 500 index broke above the 7,100 mark for the first time, closing up 84 points, or 1.2%, at 7,126. Both indices set record closing highs for three consecutive sessions.Netflix (NFLX.US) reported quarterly earnings guidance below expectations and its co-founder resigned, sending the stock down 9.7%.Related NewsIndustrial Production YoY for Mar in the United States is 0.7%, lower than the previous value of 1.4%.Major technology stocks advanced, with Tesla (TSLA.US) up 3%, Apple (AAPL.US) rising 2.6%, and NVIDIA (NVDA.US) and Meta (META.US) both gaining 1.7%.Amid a plunge of more than 10% in oil prices, energy stocks weakened, with Exxon Mobil (XOM.US) and Chevron (CVX.US) falling between 2% and 3%. (sw/m)(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
AASTOCKS Financial News