Stock market today: Dow climbs 1,000 points, S&P 500 and Nasdaq surge as Iran says Strait of Hormuz ‘completely open’
US stocks, already at record highs, surged on Friday after Iran said the Strait of Hormuz is open for now, a major step in easing US-Iran war tensions.
The S&P 500 (^GSPC) rose 1.1%, while the Nasdaq Composite (^IXIC) gained a stronger 1.4%. The Dow Jones Industrial Average (^DJI) jumped 1.8%, or roughly 1,000 points.
Futures on international benchmark Brent (BZ=F) and US benchmark West Texas Intermediate (CL=F) fell 10% after Iran’s Foreign Minister said on X on Monday that the critical pathway was “completely open” to commercial traffic during the remaining period of the Israel-Lebanon 10-day ceasefire.
Markets have now fully recovered losses tied to the recent Iran conflict. Talks between the US and Iran could come as early as this weekend, according to a CBS report, citing a phone interview with President Trump.
Separately, Trump stated that Iran agreed to suspend its nuclear program, according to Bloomberg.
Daily Market Coverage Apr. 17, 2026 3PM-5PM (ET) | Yahoo Finance
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