Dow rallies 800 points, S&P 500 tops 7,100 for the first time after Iran declares Strait of Hormuz open: Live updates – CNBC
Lead: U.S. equity markets rallied on Friday after Iran announced the Strait of Hormuz would be open to commercial traffic for the duration of the Israel–Lebanon ceasefire. The Dow climbed roughly 800 points while the S&P 500 traded above 7,100 for the first time, lifting small caps and consumer discretionary names. Oil prices plunged sharply, … Read more