Dow Flat as Iran‑Hormuz Tension Hits, Nasdaq Streak
SkimNews Take
Investor confidence in a swift resolution to geopolitical tensions now outweighs immediate market reactions to supply chain disruptions, decoupling market stability from direct conflict impacts.
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Iran closed the Hormuz Strait again, halting Indian oil shipments and tightening global supply.
- Nasdaq extended its longest winning streak since 1992, keeping the tech‑heavy index on a multi‑month rally.
- Dow traded flat, hovering within a narrow range despite the Hormuz‑related tension.
- CNBC delivered live market updates, noting oil prices rose while equities stayed near record levels.
Why it matters: Nasdaq investors gain as the index extends its longest winning streak since 1992, driving fresh fund inflows and reinforcing bullish sentiment across tech portfolios, while volatility stays muted.
