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US500 and US30 Rally on Ceasefire Hopes as Strait of Hormuz Deal Awaits Approval

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Global markets rallied as U.S.
  • and Iran ceasefire hopes eased geopolitical tensions.
  • The S&P 500 nears a record weekly winning streak, while Treasury yields and oil prices declined.
  • Investors remain optimistic that a Strait of Hormuz deal will mitigate inflationary pressures and stabilize the global economy.
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US500 price history

7656.98 +14.20% over the displayed period

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