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Stocks Rise on Earnings and Hopes for Hormuz Deal

Bloomberg Markets Wednesday 05 August 2026, 15:40 UTC 1 min read
Key Points

Aug 5th, 2026 Stocks Rise on Earnings and Hopes for Hormuz Deal A slew of strong corporate profits sent stocks to fresh all-time highs, with the market also rising as President Donald Trump said a deal on the Strait of Hormuz is possible as early as Wednesday. While equities pared earlier gains, the S&P 500 headed toward its longest winning streak since June. Alicia Levine, CIO at BNY Wealth, discusses the path ahead for the S&P 500.

Aug 5th, 2026 Stocks Rise on Earnings and Hopes for Hormuz Deal A slew of strong corporate profits sent stocks to fresh all-time highs, with the market also rising as President Donald Trump said a deal on the Strait of Hormuz is possible as early as Wednesday. While equities pared earlier gains, the S&P 500 headed toward its longest winning streak since June. Alicia Levine, CIO at BNY Wealth, discusses the path ahead for the S&P 500.
Hormuz (LOCATION) Donald Trump (PERSON) the Strait of Hormuz (LOCATION) Alicia Levine (PERSON) CIO (ORG) BNY Wealth (ORG)
Originally published by Bloomberg Markets Read original →

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