business / news / / Times of India
S&P 500 and Nasdaq Composite notched their third straight record closes.
The Russell 2000 small-cap index ended at a record high, outperforming large caps.
KEY POINTS
- 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
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