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US stocks climb to new high

US stocks climb to new high

The U.S. stocks rose, with the S&P 500 reaching a new record level, supported by strong earnings results from companies such as Disney and Eli Lilly. Optimism increased regarding the reopening of the Strait of Hormuz following the Treasury Secretary’s comments about the potential for an agreement between the United States and Iran. The index experienced significant gains during the week, surpassing 6%, with historic performances in the Dow Jones and Nasdaq indices. Meanwhile, oil prices remained high, with Brent crude around $80 per barrel, after expectations of reduced geopolitical tensions.

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