Iran Opens Strait of Hormuz; Nasdaq and S&P 500 Reach New Highs on Rally
Iran's announcement to reopen the Strait of Hormuz led to a plunge in oil prices and a surge in US stocks today, with the Nasdaq and S&P 500 indices reaching new record highs.
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- 📰 Published: April 18, 2026 at 05:44
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Central News Agency
(Central News Agency, New York, April 17, International News) Iran's announcement to reopen the Strait of Hormuz led to a plunge in oil prices and a surge in US stocks today, with the Nasdaq and S&P 500 indices reaching new record highs.
The Dow Jones Industrial Average closed up 868.71 points, or 1.79%, at 49447.43 points.
The Standard & Poor's 500 index rose 84.78 points, or 1.20%, to close at 7126.06 points.
The Nasdaq Composite index, dominated by tech stocks, rose 365.78 points, or 1.52%, to close at 24468.48 points.
The Philadelphia Semiconductor Index rose 226.537 points, or 2.43%, to close at 9555.883 points. (Translator: Xu Ruicheng) 1150418
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(Central News Agency, New York, April 17, International News) Iran's announcement to reopen the Strait of Hormuz led to a plunge in oil prices and a surge in US stocks today, with the Nasdaq and S&P 500 indices reaching new record highs.
The Dow Jones Industrial Average closed up 868.71 points, or 1.79%, at 49447.43 points.
The Standard & Poor's 500 index rose 84.78 points, or 1.20%, to close at 7126.06 points.
The Nasdaq Composite index, dominated by tech stocks, rose 365.78 points, or 1.52%, to close at 24468.48 points.
The Philadelphia Semiconductor Index rose 226.537 points, or 2.43%, to close at 9555.883 points. (Translator: Xu Ruicheng) 1150418
Standing with facts, your sponsorship is the power to protect press freedom.
Download the CNA 'One News' APP for real-time updates.
Text, images, and videos on this website may not be reproduced, broadcast, transmitted, or used without authorization.