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Dow rallies 800 points, S&P 500 tops 7,100 for the first time after Iran declares Strait of Hormuz open: Live updates​

U.S. stocks rocketed higher on Friday after Iran declared the Strait of Hormuz “completely open” on the heels of a ceasefire announcement between Israel and Lebanon.

The Dow Jones Industrial Average rose by 851 points, or 1.8%. The S&P 500 traded up 1.1% and crossed 7,100 for the first time, while the Nasdaq Composite gained 1.3%, with both hitting new all-time intraday highs. The Russell 2000 also reached a fresh high. The small-cap index was last up 2%.

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