US stock market: Wall Street at record high after Trump says ‘Hormuz is open’; Dow jumps over 800 points, Nasdaq up 1.5%
Global Optimism Surges: How Easing West Asia Tensions Are Propelling Wall Street – And What It Means for India The global financial landscape witnessed a significant uplift this Friday, as Wall Street's major indices surged to unprecedented record highs. This robust rally, spearheaded by a notable jump of over 800 points in the Dow Jones Industrial Average and a 1.5% climb for the Nasdaq, signals a powerful wave of investor confidence. At the heart of this resurgence lies a pivotal declaration from US President Trump: "Hormuz is open," a statement that has profoundly eased anxieties surrounding West Asian geopolitical tensions and sent positive ripples across international markets. The immediate trigger for this impressive market performance was the palpable de-escalation of tensions in the strategic West Asian region. As investors breathed a collective sigh of relief, a broad risk-on rally ensued, with particular strength observed in small-cap stocks. The market'...