Nasdaq Closes at Record 24,468 High After Iran Opens Strait of Hormuz

The US Tech 100 closed at a record high of 24,468.48 on April 17, up 1.5%, fueled by Iran's declaration that the Strait of Hormuz is open to commercial vessels, easing supply and market-risk fears. This capped a strong rally that saw a new all-time high on April 16 after a five-month pause, driven by US-Iran negotiation optimism and repriced growth expectations. Traders eye further upside if talks and ceasefire hold toward the April 22 deadline, with supports at 26,400 and 25,500 as potential dip zones amid ongoing headline risks.