The Dow Jones Industrial Average soared over 1,000 points (1.87%) to a record close of 54,085, while the S&P 500 climbed 1.8% to 7,736—both hitting fresh all-time highs—after Treasury Secretary Scott Bessent signaled a U.S.-Iran deal to reopen the Strait of Hormuz could come "today or tomorrow."
The Nasdaq Composite gained 2.6% to 26,584, fueled by chip stock gains and Palantir's blockbuster earnings that saw shares surge nearly 30%.
