Nasdaq 100 Rises 5.9% Weekly Amid Hormuz Developments
The Nasdaq 100 surged 5.9% for the week, with the S&P 500 and Dow Jones also rising due to news about the Strait of Hormuz being declared open by Iran. The market reacted positively to the potential easing of oil supply concerns, though actual shipping traffic remains low.
Topics: Dow Jones Geopolitical Tensions Hormuz Strait Nasdaq 100 Oil Prices S&P 500