Live Nasdaq Composite: Tech Stocks Out Front in FOMO Trade as Strait of Hormuz Reopens

This article will be updated throughout the day, so check back often for more daily updates. 

The markets are advancing out of the gate on reports that the end of the Mideast conflict is within sight. President Trump has signaled that the war will be over “pretty soon,” while Iran has reopened the critical Strait of Hormuz for oil shipments. All three of the major stock market averages are rising, including a 1.1% gain in the Nasdaq Composite. Intel (Nasdaq; INTC) is a boost, tacking on nearly 2% as it touches on the key $70-per-share level.

While a deal remains far from etched in stock, the U.S. is weighing a proposal to unfreeze $20 billion in Iranian funds in exchange for Tehran surrendering its enriched uranium stockpile, according to Axios. The plan remains on the negotiating table as part of a broader draft deal.

Here’s a look at where things stand as of morning trading:

Dow Jones Industrial Average: 49,337 Up 1.55%
Nasdaq Composite: 24,353.40 Up 1.04%
S&P 500: 7,105.21 Up 1.53%

Market Movers

Netflix (Nasdaq: NFLX) is a drag, sinking 9.4% on the heels of its earnings print. The content streaming giant’s Q1 beat estimates but its Q2 outlook fell short of Wall Street expectations. Co-founder Reed Hastings is stepping down from the company’s board of directors.

Morgan Stanley is backing UnitedHealth (NYSE: UNH) with conviction, elevating the health insurance giant to Top Pick. The move isn’t a bet on any single quarter but on what the analysts predict will be “a string of clean quarters that should drive incremental enthusiasm.”

Polestar (Nasdaq: PSNY) just posted its worst annual loss ever, swinging to a $2.36 billion net loss in 2025, wider than the $2.05 billion it lost the year prior and marking the EV maker’s deepest financial hole yet.

While corporate America has been busy cutting staff, Boeing (NYSE: BA) is doing the opposite, bringing on 100 to 140 factory workers per week, the fastest hiring pace the aerospace giant has seen since 2024, according to Reuters.