US Stocks Jump 900 Points After Hormuz

Stocks surged after Iran reopened Strait of Hormuz, with Dow up 1.8% to 49,468 and S&P 500 up 1.1% to 7,118.
Oil prices plunged, Brent down 8.8% to $90.59 and WTI down 11.5% to $83.77, fueling a risk‑on equity rally.
Netflix fell 10.1% on weak Q2 guidance and Reed Hastings' exit; Alcoa slid 6.7% on disappointing Q1 results.
Traders price ~60% chance of a Fed cut by December, and stocks like United Airlines and Carnival jumped 6‑8% on the news.