Stock market news for April 17, 2026

US shares rocketed larger on Friday after Iran declared the Strait of Hormuz “completely open” on the heels of a ceasefire announcement between Israel and Lebanon.

The S&P 500 jumped 1.2% to shut at 7,126.06, crossing the 7,100 threshold for the primary time. The Nasdaq Composite gained 1.52% and settled at 24,468.48 for its thirteenth consecutive profitable day and its longest constructive streak since 1992. Both indexes posted recent intraday and shutting information. The Dow Jones Industrial Average jumped 868.71 factors, or 1.79%, to finish at 49,447.43. The Russel 2000 additionally reached a fresh high. The small-cap index rose greater than 2%.

In a post on printed Friday, Iranian Foreign Minister Seyed Abbas Araghchi wrote, “In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organization of the Islamic Rep. of Iran.”

president donald trump had mentioned Thursday that the leaders of Israel and Lebanon agreed to a 10-day ceasefire, which went into impact at 5 pm ET that day.

Oil costs plummeted following Iran’s announcement as provide disruption fears lessened. U.S. West Texas Intermediate futures dropped nearly 12% to settle at $83.85 a barrel, whereas worldwide benchmark Brent crude futures declined 9% to settle at $90.38 a barrel.

Trump, who thanked Iran for opening the strait in a post on Social Truth Friday, mentioned in a separate post that the Middle Eastern nation has agreed to by no means shut the waterway once more. He additionally mentioned in a post that the US Navy’s blockade of Iranian ports will “REMAIN IN FULL FORCE” till a peace settlement with Tehran has been reached, including that “THIS PROCESS SHOULD GO VERY QUICKLY IN THAT MOST OF THE POINTS ARE ALREADY NEGOTIATED.”

The strait’s reopening may very well be restricted, nevertheless, as Iran’s Tasnim news company reported that ships and expenses linked to hostile nations will not be allowed to maneuver by means of, for occasion. The Tasnim report additionally mentioned the strait shall be closed if the US blockade persists.

It remains to be unsure whether or not ships shall be compelled to pay a toll to traverse the waterway.

Stocks in key industries weak to the strait’s efficient closure, equivalent to cruise lines and airlinesrebounded. Shares of Boeing and Royal Caribbeanfor occasion, superior 2% and seven%, respectively. Others equivalent to amazon and Airbnb additionally moved larger.

Investors at the moment are “moving beyond this conflict,” mentioned Anthony Saglimbene, chief market strategist at Ameriprise Financial. “I think the market has walked back the worst-case scenarios, and it sees a path for the US and Iran to end the conflict and the Strait of Hormuz to remain open. As long as that remains the most likely path, then markets will discount it.”

Trump had mentioned Thursday that the Iran conflict “should be ending pretty soon“He made the remarks at an occasion in Las Vegas and described the battle as “going along swimmingly.” That builds on his feedback from earlier this week that the conflict is “very close to over” and that Iran desires to “make a deal very badly.”

Hopes of a peace deal have propelled shares to report highs this week, with the three main averages all posting stable positive factors within the interval. The blue-chip Dow added 3.2%, whereas the S&P 500 rose 4.5% and the Nasdaq superior 6.8%.

“The easy part of this rally is probably behind us,” Saglimbene additionally mentioned. “Moving forward, particularly for technology, particularly for [the ‘Magnificent Seven’]we need to see not only earnings meet analyst estimates, but we need to see that the outlooks are strong.”