Global Equities Rally 4-7% Weekly on Hormuz Ceasefire and Oil Decline

The S&P 500 advanced 4.5% for the week, Nasdaq surged 6.8%, and the Dow rose 3.19% as Iran-Israel tensions subsided and the Strait of Hormuz reopened. The Russell 2000 climbed 5.57%, with seven of nine global indices turning positive year-to-date. Risk-on rotation into AI names propelled the broader rally.