S&P 500 rises 1.7%, adds $1.2T in market cap after US-Iran deal reopens Strait of Hormuz

S&P 500 Set for Best Day Since April as Oil Sinks: Markets Wrap

US-Iran Hormuz reopening deal crashes oil to $80, boosting S&P 500 2% and reducing geopolitical volatility. Nasdaq surges 3% as investors rotate into cyclicals and bet on sustained AI capex recovery despite Fed tightening.