US Stocks Surge to New Records
2026-04-17 13:40
By
Andre Joaquim
1 min. read
US stock indices rose sharply to new records on Friday after Iran stated that it opened the Strait of Hormuz for non-Iranian commercial vessels, easing concerns of energy-driven stagflation.
The S&P 500 and the Nasdaq 100 gained 1.3%, while the Dow added nearly 2%.
Crude oil and product prices plunged after Iran and President Trump stated that tanker traffic in the Persian chokepoint is now liberated, paving the way to restore normal levels of energy supply following the shock triggered by the conflict.
AI companies surged as the rebound in risk sentiment supported speculative sectors, with Amazon, Microsoft, Nvidia, and Tesla gaining more than 1%, while Oracle jumped 3%.
In turn, Netflix fell over 10% after its Q2 guidance fell short of expectations.
Truist Financial was also lower after posting its earnings.
The three main averages were on track for three consecutive weeks of gains over the 3% threshold.