S&P 500 and Nasdaq jump after U.S.-Iran deal to reopen Strait of Hormuz; SpaceX rises

A reported agreement between the United States and Iran to reopen the Strait of Hormuz eased geopolitical tensions and fueled a sharp rebound in U.S. equities, lifting the S&P 500 and Nasdaq. The article said the rally was driven primarily by the reduction in geopolitical risk, while also citing single-stock moves including SpaceX, Nvidia and Roku. It did not provide details of the agreement or any official confirmation, focusing instead on market reaction and analyst commentary.