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Dow hits record high as talks over Strait of Hormuz lift risk sentiment

Stocks extended gains to a fifth straight positive session as oil prices cooled after expectations of improved shipping security through the Strait of Hormuz.

Reported · Written up by our desk · Trade & Tariffs

CNBC World reports optimism around talks between Iran and Oman on shipping through the Strait of Hormuz helped lift market sentiment, with the Dow reaching a record high.

The outlet said the index also logged its fifth positive day in a row.

While equities rallied on the back of improving expectations for the critical shipping corridor, CNBC World noted oil prices continued a cooling trend rather than accelerating higher.

Latest closeDow Jones 54,349.12 ▲0.5%

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