Nasdaq Logs Longest Winning Streak Since 2021 as Investors Look Beyond War

U.S. equity markets surged as investors looked past the Iran war risk, driven by falling oil prices, strong bank earnings and optimism about reopening the Strait of Hormuz. The tech-heavy Nasdaq compiled a 10-session winning streak — its longest since November 2021 — rallying about 14% over that stretch. The S&P 500 erased wartime losses and rose toward its January record, helped by robust consumer activity and demand tied to AI-related hardware, while the Dow lagged due to its energy-heavy composition. Market sentiment is upbeat, with many investors betting that a strong earnings season can outweigh geopolitical risks.