US stock market at record high after Trump says ‘Hormuz is open’

US stock market at record high after Trump says ‘Hormuz is open’
Global markets surged Friday as easing West Asia tensions spurred a broad risk rally. Wall Street benchmarks hit record highs, led by small-cap stocks, as falling oil prices boosted confidence. Investors anticipate an end to the conflict, with US President Trump expressing optimism for a swift resolution and a deal on uranium.