The Daily Editor

Investing.com — U.S. energy stocks fell on Friday after Iran announced that the Strait of Hormuz is now ‘completely open’ for commercial ships, prompting oil prices to tumble.

Shares of Chevron fell nearly 4.5%, Exxon fell 5%, Occidental Petroleum fell 6%, and Valero Energy fell nearly 7%.

Brent dropped below $90 a barrel after a social media post attributed to Iran’s foreign minister said the passage for commercial vessels through Hormuz was open.

 » Read more about: U.S. energy stocks plunge as Hormuz re-opening prompts Brent to go below $90 a bar  »

Investors in PTC Inc. PTC need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 17, 2026 $130 Call had some of the highest …

 » Read more about: Do Options Traders Know Something About PTC Stock We Don’t?  »

Quick Read

• President Trump promised to eliminate tax on Social Security and declared victory.

• The tax rules on Social Security didn’t actually change.

• While some retirees will get a new tax deduction that reduces or eliminates tax on benefits,

 » Read more about: Are You Actually Getting No Tax on Social Security When You File Taxes This Year?  »

 » Read more about: The Best Artificial Intelligence (AI) Chip Equipment Stock Just Raised Guidance. Here's What ASML's Earnings Mean for the Nasdaq.  »

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Oil prices fell by 10%, and the Dow Jones Industrial Average soared 1,020 points after Iran said the Strait of Hormuz is fully open, which would allow oil tankers to exit the Persian Gulf again and carry crude to customers worldwide.

 » Read more about: Oil tumbles 10% as Wall Street rallies to another record after Iran reopens the Strait of Hormuz  »

Nvidia (NVDA +1.10%) is by far the biggest chipmaker in the world, taking in hundreds of billions of dollars from big tech companies that are outfitting AI data centers with its high-end AI processors. Instead of letting that all of that cash sit on its balance sheet,

 » Read more about: Nvidia Just Piled $2 Billion Into This Chip Stock, and It Can Still Climb Higher From Here  »

Social Security is facing a serious funding shortfall that will cause it to run out of money sooner than projected.

The Congressional Budget Office initially projected as of last year that Social Security would run out of money in 2033.

Now,

 » Read more about: Social Security benefit cuts could be coming — and there’s an actual date attached  »

At the very least, I’d like to see 7,000 tested as support on a pullback than I can take advantage of. In the short term, probably more or less a market that you want to sit on your hands because the further it goes and the more that the FOMO builds, the more likely we are to have a pretty significant pullback.

 » Read more about: Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Continue to Grind Higher  »

Around 25% of the world’s daily supply of seaborne oil transits through the Strait of Hormuz. Iran effectively closed the waterway after direct attacks on its territory by the U.S. and Israel, which began on Feb. 28, leaving countries scrambling to avoid a global energy shortage.

The price of a single barrel of West Texas Intermediate crude oil soared to a 52-week high of around $120 in March,

 » Read more about: Iran Just Delivered Incredible News for Stock Market Investors  »

 » Read more about: Wall Street Remains Mostly Bullish on Netflix Stock Despite Softer Q2 Forecast  »