On Friday, stocks rose while crude oil prices declined, as major indices aimed to close out a strong month boosted by technology gains.
The Nasdaq Composite and S&P 500 each increased by 0.3%, while the Dow Jones Industrial Average gained 353 points (0.7%), with all three reaching new intraday record highs.
Meanwhile, West Texas Intermediate crude dropped 2% to around $86 per barrel, and Brent crude fell 2% to approximately $91, amid reports of missile launches by Iran’s armed forces.
President Donald Trump indicated he is reviewing a potential ceasefire extension and emphasized in a Truth Social post that Iran must agree never to develop nuclear weapons and that the Strait of Hormuz should be immediately open.
Source (CNBC)
