The Daily

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The stock market ended the week with new records after Iran confirmed Friday that it has reopened the Strait of Hormuz in the Persian Gulf amid a temporary ceasefire in the Middle East.

The Dow Jones Industrial Average gained 851 points Friday, resulting in a 1.8% increase, while the S&P 500 closed above 7,100 for the first time in its history,

 » Read more about: Stock markets end week with new highs after Iran confirms Strait of Hormuz is reopened  »

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00:00 Speaker A

All right, Ross. So you write about how Tesla trying to stop an eight- week losing streak. It’s poise, you say to finish the week actually higher. Now, why is that? Is that you say short-term technical bounce, you say, no, no, this is real momentum.

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US stocks surged to fresh record highs on Friday after Iran said the Strait of Hormuz is open for now, a major step in easing US-Iran war tensions.

The S&P 500 (^GSPC) rose 1.2% to close above 7,100 for the first time in its third consecutive record close.

 » Read more about: Stock market today: Dow leaps 850 points, S&P 500 and Nasdaq notch third straight record in stunning rally as US-Iran diplomacy gains steam  »

As a business that makes its coin by assisting with legal documents, it’s appropriate that LegalZoom‘s (NASDAQ: LZ) stock has been rising over the past few days due to a contract it signed with a business partner.

Obviously encouraged by this deepening relationship, investors were snapping up LegalZoom shares. According to data compiled by S&P Global Market Intelligence,

 » Read more about: Why LegalZoom Stock Was on Fire This Week  »

By CHRISTOPHER RUGABER and JOEY CAPPELLETTI, Associated Press Writers

WASHINGTON (AP) — President Donald Trump’s nominee to run the Federal Reserve, Kevin Warsh, is likely to face tough questions about his vast financial holdings at a hearing next week by the Senate Banking Committee.

Massachusetts Sen.

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It is always about the future with Tesla (TSLA +2.96%). For years, it was solar energy and batteries. Then came the Cybertruck and Tesla Semi. Now, all the company can talk about is its foray into humanoid robots, autonomous taxis, and even a new semiconductor endeavor.

 » Read more about: Buying the Dip on Tesla Stock? Read This First  »

 » Read more about: The Artificial Intelligence (AI) Sell-Off Has Gone Too Far. These Are the Stocks I'd Buy Before the Market Figures It Out.  »