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Dow surges 907 points…S&P hits record high on Hormuz deal hopes

MarketWatch +1 ·

PLTR Palantir Technologies Inc
$162.53 +29.35%
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  1. 1U.S. stocks refreshed record highs on Tuesday, with the Dow up 907 points (1.7%) and the S&P 500 up 136 points (1.8%)
  2. 2Treasury Secretary Bessent said a deal to reopen the Strait of Hormuz could be reached within days, and earnings from Caterpillar (CAT) and Palantir Technologies (PLTR) beat expectations
  3. 3Investors expect lower energy prices and easing inflation if the Iran war ends, sending Brent crude down 4.9%

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