Stock Market Today: Indexes Jump as Trump Extends Ceasefire; Nasdaq Hits Latest High; Oil Surges as Iran Claims It Seized 2 Ships in Strait of Hormuz
US stock indexes rose sharply as Trump extended a ceasefire with Iran, while oil prices surged after Iran claimed to have seized two ships in the Strait of Hormuz. The Nasdaq Composite set a new all-time high, rising 1.5% along with other major indexes.
US stock indexes jumped on Wednesday as President Donald Trump extended a ceasefire with Iran. The Nasdaq Composite, S&P 500, and Dow Jones Industrial Average rose 1.5%, 0.9%, and 0.5%, respectively. The Nasdaq set an intraday record for the fifth time in six sessions. Oil prices surged as Iran claimed to have seized two ships in the Strait of Hormuz, with West Texas Intermediate futures up 4% to $93.25 a barrel. Cryptocurrency-tied stocks and some individual company shares also rose, while the 10-year Treasury yield remained steady. Major tech giants, including those known as the 'Magnificent Seven', saw their shares rise ahead of some earnings reports.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.