
Stocks reached a new record on Friday, extending gains on hopes the war in Iran will be over and the reopening of the Strait of Hormuz.
Concretely, the S&P 500 climbed by 1.2%, reaching an all-time high and closing a third straight week of gains, the longest since October. The Dow Jones soared by 868 points and the Nasdaq Composite climbed by 1.5%.