Nasdaq 100 Rises 5.9% Weekly Amid Hormuz Ceasefire and Geopolitical Developments
The Nasdaq 100 surged 5.9% for the week, driven by news of a ceasefire between Israel and Lebanon and Iran declaring the Strait of Hormuz open to commercial shipping. The S&P 500 and Dow Jones also rose significantly, with oil prices falling over 10% as geopolitical tensions eased. The market response was broad, with all sectors except Energy and Utilities benefiting.
Topics: ceasefire Iran Israel Lebanon market reaction oil prices Strait of Hormuz