Nasdaq 100 Achieves Longest Winning Streak Since 2013 Amid Market Optimism
The Nasdaq 100 Index reached its longest winning streak since 2013, climbing 1.3% on Friday, as geopolitical tensions eased with the reopening of the Strait of Hormuz and potential ceasefire talks. The S&P 500 and Dow Jones also rose, with the VIX, oil prices, and bond yields declining as investors anticipated a resumption of Federal Reserve rate cuts.
Topics: Federal Reserve interest rates Iran conflict Nasdaq 100 stock market rally Strait of Hormuz