The major U.S. stock indexes posted strong gains this week, delivering their best weekly performance since November, as the U.S.-Iran ceasefire agreement held and significantly reduced geopolitical risk. The truce includes an agreement to reopen the Strait of Hormuz, although the strait has not fully reopened yet.
- S&P 500: +3.6% (up ~234 points)
- Dow Jones Industrial Average: +3.0% (up ~1,412 points)
- Nasdaq Composite: +4.7%
- Russell 2000: +~4.0%
The VIX fell sharply below 20 as volatility eased. Oil prices were volatile but ended the week lower overall. In dollar terms, the broader market added roughly $2.1 – $2.3 trillion in value.
A solid relief-driven rebound fueled by de-escalation hopes in the Middle East.
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Posted by TorukMaktoM