Keep pulling the thread on S&P 500.
Market optimism is being driven by enthusiasm that the US and Iran are agreeing to reopen the Strait of Hormuz.
The United States and Iran have agreed to reopen the Strait of Hormuz.
President Donald Trump stated that the Strait of Hormuz will be completely open on Friday.
Nvidia is set to raise $25 billion through an investment-grade bond sale.
West Texas Intermediate crude oil prices fell 5.2% to $80.45 a barrel.
The main points of the U.S.-Iran deal include a 60-day extension of the ceasefire, the reopening of the Strait of Hormuz, and the lifting of the U.S. naval blockade.
Iranian state media has indicated that Iran plans to impose fees for navigational, insurance, and environmental services for passage through the Strait of Hormuz after the initial 60-day period.
American Express has agreed to acquire The Fork, TripAdvisor's reservation management platform, for $700 million in cash.
Salesforce has agreed to acquire Fin, a developer of AI-powered customer agents, for approximately $3.6 billion.
Fox Corporation has agreed to acquire Roku in a deal valued at approximately $22 billion, including debt.
In its second day of trading, SpaceX's market capitalization reached $2.4 trillion, making it the 6th most valuable company in the US.
The S&P 500 experienced its best day since April, rising by 1.8%.