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Market Commentary - Foreign Markets
Stocks rise as markets eye Iran conflict resolution
U.S. Stocks Hit New Record High Amid Iran War Ceasefire Hopes
20-Apr-2026, 09:23
The US stocks moved further into record territory Friday, with the S&P 500 and Nasdaq locking in a third consecutive record close. Iran said the Strait of Hormuz would stay open to shipping amid a Lebanon ceasefire, sending oil prices tumbling. For the week, the S&P 500 surged 4.53%, the Nasdaq jumped 6.84%, and the Dow added 3.2%. The US stocks have surged over 10% since late March lows, fueled by optimism for an end to the war or measures to avoid a global economic meltdown. WTI crude oil saw a sharp slide to around one and half month low on Friday following news that Iran reopened the Strait of Hormuz to commercial shipping.
The US stocks moved further into record territory Friday, with the S&P 500 and Nasdaq locking in a third consecutive record close. Iran said the Strait of Hormuz would stay open to shipping amid a Lebanon ceasefire, sending oil prices tumbling. For the week, the S&P 500 surged 4.53%, the Nasdaq jumped 6.84%, and the Dow added 3.2%. The US stocks have surged over 10% since late March lows, fueled by optimism for an end to the war or measures to avoid a global economic meltdown. WTI crude oil saw a sharp slide to around one and half month low on Friday following news that Iran reopened the Strait of Hormuz to commercial shipping.