Markets Rise Amid Hormuz Deal Hopes

Markets globally rose on Wednesday as hopes of a deal to reopen the Strait of Hormuz lifted sentiment. The corporate sector provided mixed earnings updates, affecting market mood.

The Dow Jones Industrial Average and S&P 500 both touched record highs, while Wall Street Futures traded above the flatline. Major benchmarks in Europe were mildly positive, with earlier Asian markets closing on a high note.

Crude oil prices rose, but bond yields were mixed. The six-currency Dollar Index slipped. Gold saw significant gains, while cryptocurrencies traded on a mixed note. Bitcoin and Ethereum showed slight increases, but BNB and XRP declined slightly.