Update: US Equity Indexes Rise as Washington Aims to Prevent Iran From Gaining Control of Hormuz
(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.) US equity indexes rose amid gains in technology and as crude oil fell in the aftermath of Washington degrading Iran's capability to attack commercial ships transiting the Strait of Hormuz. The Nasdaq Composite advanced 0.9% to 26,109.6, the S&P 500 climbed 0.7% to 7,531.4, and the Dow Jones Industrial Average marched 0.3% higher to 52,498.1 after midday Thursday. Technology and financials led the gainers, while consumer staples and energy paced the decliners. US Central Command overnight hit 90 Iranian military targets, according to its social media post on X, after striking 80 on the previous night following Iran's attacks on three commercial ships transiting the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows. On Wednesday, before the second round of strikes on Iran, US Vice President JD Vance said: "If Iran tries to close the strait down, there's going to be a response [from] the American military. That's the deal." Tehran on Thursday said it had attacked US military sites in Bahrain, Kuwait, and Qatar in response to the new US strikes.
(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.) US equity indexes rose amid gains in technology and as crude oil fell in the aftermath of Washington degrading Iran's capability to attack commercial ships transiting the Strait of Hormuz.
The Nasdaq Composite advanced 0.9% to 26,109.6, the S&P 500 climbed 0.7% to 7,531.4, and the Dow Jones Industrial Average marched 0.3% higher to 52,498.1 after midday Thursday.
Technology and financials led the gainers, while consumer staples and energy paced the decliners.
US Central Command overnight hit 90 Iranian military targets, according to its social media post on X, after striking 80 on the previous night following Iran's attacks on three commercial ships transiting the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.
On Wednesday, before the second round of strikes on Iran, US Vice President JD Vance said: "If Iran tries to close the strait down, there's going to be a response [from] the American military.
That's the deal." Tehran on Thursday said it had attacked US military sites in Bahrain, Kuwait, and Qatar in response to the new US strikes.