Rally Drives Nasdaq 100 to Longest Winning Streak Since 2013
A pedestrian walks past pumpjacks operating on the Inglewood Oil field in Los Angeles.
Photographer: Patrick Fallon/BloombergStocks surged Friday, sending the Nasdaq 100 Index to its longest winning streak since 2013, as Iran reopened the vital Strait of Hormuz and President Donald Trump said a deal to end the seven-week war could be finalized soon.
The S&P 500 closed 1.2% higher, extending a five-day advance that’s pushed it back over January’s record high. The tech-heavy Nasdaq 100 hit its own record by climbing 1.3% in its 13th straight daily gain.