US stocks surge as Iran reopens Strait of Hormuz.

U.S. stock markets surged Friday, with the Dow Jones Industrial Average jumping 869 points, the S&P 500 rising 84.74 points, and the Nasdaq gaining 365.78 points. The rally was fueled by news that Iran fully reopened the Strait of Hormuz during a ceasefire between Israel and Lebanon, easing global energy concerns and boosting investor confidence. All three major indices reached record highs, while the U.S. dollar weakened against major currencies.