Stocks Extend Rally as Tensions Ease Over War in Iran

Stocks extended their rally as tensions eased over the war in Iran, with the S&P 500 completing a three-week streak of gains. Investors are optimistic following the reopening of the Strait of Hormuz, a critical global shipping lane for oil. This development has helped alleviate concerns about potential disruptions to energy supplies and trade routes. Strong corporate earnings also contributed to the market's positive performance. The sustained rally indicates renewed investor confidence amidst geopolitical developments and robust economic indicators.