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Major Wall Street indices rocketed to fresh records Friday after Iran's announcement reopening the Strait of Hormuz sent oil prices sharply lower.
The broad-based S&P 500 gained 1.2 percent to 7,126.07, while the tech-rich Nasdaq Composite Index jumped 1.5 percent to 24,468.48. Both ended at records for the third straight day.
The Dow Jones Industrial Average advanced 1.8 percent to 49,447.92.
