Dow Leads Market Rally

Dow Jones Industrial Average climbed about 391 points, or 0.8%, leading a broad market rally as investor sentiment improved across equities. The gains came as markets reacted positively to easing oil prices and a continued wave of strong corporate earnings.

Record Highs for S&P 500 and Nasdaq

S&P 500 advanced 1% to reach a new all-time high, while the Nasdaq Composite gained 1.1%, also setting a fresh record. The rally reflects growing confidence in corporate performance and expectations that geopolitical risks may not escalate further in the near term.

Oil Pullback Eases Market Pressure

Declining oil prices played a key role in lifting equities. West Texas Intermediate crude fell about 4% to near $101 per barrel, while Brent Crude dropped roughly 3% to around $109. The pullback followed signs that limited shipping through the Strait of Hormuz is resuming, easing fears of severe supply disruptions.

Ceasefire Holds Despite Ongoing Risks

Tensions between the United States and Iran remain elevated, but officials signaled that the ceasefire is still intact. Donald Trump said the US would continue guiding ships through the strait, while Defense Secretary Pete Hegseth confirmed that commercial vessels have safely passed through the critical waterway.

These developments have helped calm markets, even as sporadic attacks continue in the region.

Strong Earnings Support Market Momentum

Corporate earnings continue to exceed expectations, reinforcing bullish sentiment. Shares of DuPont de Nemours and Anheuser-Busch InBev each surged about 8% after reporting better-than-expected results.

Approximately 85% of companies in the S&P 500 that have reported so far have beaten analyst forecasts, highlighting broad-based strength across sectors.

Mixed Reactions in Tech Sector

Despite strong overall results, not all companies participated in the rally.

Palantir Technologies shares fell around 6%, even after delivering strong revenue growth and raising full-year guidance, showing that investor expectations remain high.

Outlook

Markets are increasingly focused on earnings strength and signs of stabilization in global energy markets.

While geopolitical risks remain, investors appear more confident that the situation will not significantly derail economic growth unless oil prices spike sharply again.