[Breaking] New York Stocks Close Higher on Hopes for Hormuz Reopening
On August 4 (local time), the three major U.S. stock indexes all closed higher, following news that the possibility of an agreement between the United States and Iran regarding the resumption of passage through the Strait of Hormuz had increased.
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On this day at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose by 1.71% compared to the previous trading day. The S&P 500 Index, which focuses on large-cap stocks, ended up by 1.79%, while the tech-heavy Nasdaq Index closed with a 2.59% gain.
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