Stock market today: S&P 500, Nasdaq, Dow climb as Iran says Strait of Hormuz 'completely open'
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US stocks rose on Friday as Iran announced the Strait of Hormuz was open to commercial traffic, easing tensions. The S&P 500, Nasdaq, and Dow Jones all saw gains, while oil prices fell.
US stocks climbed on Friday after Iran's Foreign Minister announced that the Strait of Hormuz was 'completely open' to commercial traffic. The S&P 500 rose 0.7%, Nasdaq gained 0.9%, and Dow Jones edged up 0.3%. Oil prices fell 10% for Brent and 10.5% for West Texas Intermediate. Markets have recovered losses tied to the recent Iran conflict. Netflix shares dropped over 9% in after-hours trading despite beating earnings estimates, due to a weaker-than-expected outlook. Other companies, including Truist Financial and State Street, beat estimates, while Fifth Third met expectations on earnings per share but fell below revenue estimates.
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