The index rises 0.76% to near 54,500 after Washington halts strikes, easing Strait of Hormuz concerns.
The Dow Jones Industrial Average climbed 0.76% to a record 54,500 on Wednesday, extending gains as geopolitical tensions eased. The rally followed Washington’s decision to cancel planned strikes, reducing fears of disruptions in the Strait of Hormuz.
The index surged roughly 1,400 points above its early July high, marking its latest milestone. Prior sessions had been volatile amid escalating Middle East risks, but easing tensions provided a catalyst for the advance.
Markets reacted positively to the de-escalation, with equities rising as oil prices stabilized. The move reinforced investor confidence in risk assets.