Strait of Hormuz traffic returns to normal by August 31?

Wire activity, no reprice

A linked post crossed the wire and this market did not move beyond its thresholds within the 90-minute window. Recorded for the archive; never delivered as an alert.

@FirstSquawk · 05 Aug 2026, 14:08 UTC

S&P 500 Hits Record Highs on Strong Earnings and Hormuz Deal Optimism US stocks extended their rally to fresh record highs as strong corporate earnings and hopes for progress on a Strait of Hormuz deal boosted investor sentiment. The S&P 500 gained for a fifth straight session, its longest winning streak since early June, with nearly 90% of companies reporting results beating estimates. Investors remained confident as earnings, economic resilience, and broader market participation supported the ongoing bull market.Despite positive market momentum, US private job growth slowed in July, with companies adding fewer jobs than expected, suggesting some cooling in hiring. Corporate moves were mixed, with Nvidia rising on AI optimism, while AMD declined after a weaker sales outlook. Treasury yields were mostly steady, the dollar weakened slightly, oil prices remained under pressure, and gold climbed as investors balanced growth optimism with economic uncertainties.