US Stocks Head for Best Week in Months: S&P 500 Up 2.9%, Dow 2.7%, Nasdaq 3.8%, Fueled by AI Rebound, Strong Earnings, and Hormuz Deal Hopes
US stocks are on track for their strongest week in months, with the S&P 500 gaining 2.9%, the Dow 2.7%, and the Nasdaq outperforming with a 3.8% rise. The rally is driven by a rebound in AI stocks, strong corporate earnings, and optimism surrounding a potential deal for the Strait of Hormuz. Previously beaten-down tech names also saw significant surges, with Coherent jumping 27% and Lumentum gaining 17%.
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