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Geopolitical Score 85 Bullish

Heard on the Street Wednesday Recap: Hormuz Rally Day Two

Apr 02, 2026 07:06 UTC
AAPL, CL=F, ^VIX
Immediate term

Equity markets continued their upward trend Wednesday, building on a rally sparked by optimism over the Strait of Hormuz. The Nasdaq composite climbed 1.2%, while the S&P 500 and Dow industrials also posted gains.

  • Stocks rose with a 'Hormuz Hope' rally
  • Trump and Iran traded barbs over control of the Strait of Hormuz

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