# S&P 500 and Nasdaq Composite notched their third straight record closes.

*business · news · 2026-04-18 · Times of India*

## Key points

- The Russell 2000 small-cap index ended at a record high, outperforming large caps.
- Iran signalled reopening the Strait of Hormuz for a 10-day ceasefire, easing oil supply fears.
- Oil prices saw a sharp retreat, with Brent crude dropping 9% and WTI falling over 11%.
- Netflix shares fell more than 9% after a weak growth forecast and Reed Hastings' departure.
- Iran's Parliament later contradicted earlier claims, stating the Hormuz Strait is not open.

**Companies:** Exxon Mobil, Chevron, American Airlines, United Airlines
**Countries:** United States, Iran, Lebanon

[Read the full story on Times of India](https://timesofindia.indiatimes.com/business/international-business/us-stock-market-wall-street-at-record-high-after-trump-says-hormuz-is-open-dow-jumps-868-points-nasdaq-up-1-5/articleshow/130346214.cms)

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