Asian equities saw gains, boosted by Japanese stocks, while US stock futures remained flat amid economic and geopolitical uncertainties. Short-dated Treasuries rallied, and the dollar weakened following reports of a potential new Federal Reserve Chair. Investors are weighing the impact of Middle East tensions and US tariffs, with the S&P 500 nearing a record high.
US Stock Market: Wall Street indexes hit record highs as oil falls with Strait of Hormuz declared open
Major US stock indices, including the S&P 500 and Nasdaq, closed at record highs Friday, fueled by optimism over Iran’s decision to open the Strait