US stock market: Wall Street at record high after Trump says ‘Hormuz is open’; Dow jumps over 800 points, Nasdaq up 1.5%

Global markets surged Friday as easing West Asia tensions spurred a broad risk rally. Wall Street benchmarks hit record highs, led by small-cap stocks, as falling oil prices boosted confidence. Investors anticipate an end to the conflict, with US President Trump expressing optimism for a swift resolution and a deal on uranium.