Joy Wiltermuth

Hopes for an end to the Iran conflict faded after President Trump failed to secure a commitment from China to help pressure Iran to reopen the Strait of Hormuz.

Tough talk from the Federal Reserve about rate hikes may be needed to ease the Treasury market’s rout.

This rip-roaring AI-powered bull market has already overcome a handful of potentially existential challenges — from the 2023 collapse of Silicon Valley Bank to last year’s tariff tantrum.

There’s a new warning from the commodity market about the risks of a delayed reopening of the Strait of Hormuz.

The bond market is tied up in knots about the Iran war and inflation, as well as what the Federal Reserve under new chair Kevin Warsh might do about it.

The bond market is tied up in knots about the Iran war and inflation, as well as what the Federal Reserve under new chair Kevin Warsh might do about it.

Yields were easing on hopes for an end to the Iran war. - Samuel Corum/Getty Images

U.S. stocks booked another round of record closes on Wednesday on hopes for a deal that ends the Iran war and fully reopens the Strait of Hormuz to oil tankers. The Dow, S&P 500 and Nasdaq Composite all ended at record highs, something that hasn't happened in concert since Oct. 28, 2025, according

Equities had been prone to larger upswings when President Trump previously talked positively about the two sides getting closer to ending the Iran war

Follow all the latest U.S. market action for Thursday here.