Wall St climbs at open after Iran says Strait of Hormuz open

[NEW YORK] Wall Street’s main indexes opened higher on Friday (Apr 17) after Iranian Foreign Minister Abbas Araqchi said the Strait of Hormuz was open following a ceasefire accord agreed in Lebanon.

The Dow Jones Industrial Average rose 210.1 points, or 0.43 per cent, to 48,788.81 at the open.

The S&P 500 rose 33.3 points, or 0.47 per cent, to 7,074.55​, while the Nasdaq Composite rose 235.3 points, or 0.98 per cent, to 24,338.009.

The small-cap Russell 2000 also hit its first intraday record high since the US-Iran war erupted, and was last up 1.3 per cent. REUTERS