S&P 500 Hits 7,126, Nasdaq Extends to 13-Day Rally—Longest Since 1992

S&P 500 surged 1.2% to 7,126.06 on April 17, breaking 7,100 for the first time. Nasdaq climbed 1.52% to 24,468.48, while the Dow jumped 868.71 points (1.79%) to 49,447.43. The catalyst: reports of ceasefire talks and Hormuz reopening temporarily depressed oil. By evening, Iran's closure announcement reignited weekend volatility concerns.