On Friday, Wall Street reached record highs as geopolitical tensions in West Asia eased, leading to a broad market rally. The Dow Jones Industrial Average surged by 868 points, or 1.8%, marking its strongest finish since late February. The S&P 500 rose 1.2% and the Nasdaq Composite gained 1.5%, both achieving their third consecutive record closes. This rally was largely fueled by optimism surrounding the reopening of the Strait of Hormuz, a vital shipping route, during a temporary ceasefire between Israel and Lebanon. US President Donald Trump expressed hope for an imminent end to the conflict, further boosting market sentiment. Additionally, oil prices fell sharply, with Brent crude dropping 9% to $90.38 per barrel, easing concerns over supply disruptions. This decline in energy prices particularly benefited smaller companies, which have tighter profit margins. However, some uncertainty remains as Iranian officials later contradicted claims about the Strait's status. The US dollar also weakened as investors reduced their safe-haven positions, reflecting a shift in market sentiment.