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U.S. Stocks Extending Rally Following Reopening Of Strait Of Hormuz

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
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Stocks have moved sharply higher during trading on Friday, extending the strong upward move seen over the past several sessions. The major averages have all shown significant moves to the upside, with the Nasdaq and the S&P 500 once again reaching new record intraday highs.

Currently, the major averages are just off their highs of the session. The Dow is up 974.63 points or 2.0 percent at 49,553.35, the Nasdaq is up 362.39 points or 1.5 percent at 24,465.10 and the S&P 500 is up 85.73 points or 1.2 percent at 7,127.01.

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Global Economics Weekly Update -April 05 – April 10, 2026

April 10, 2026 16:21 ET
Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.