US Tech 100 Surges 5.9% Weekly on Hormuz Reopening, Leads Risk-On Rally

The US Tech 100 rocketed 5.9% for the week, spearheading a broad market rally after Iran declared the Strait of Hormuz open following an Israel-Lebanon ceasefire. Oil prices tumbled over 10%, fueling gains in tech and cyclicals while energy lagged; S&P 500 climbed 4.4% and Dow Jones rose 3.3%. Shipping traffic lingers low at 14 vessels in 24 hours—23% of normal—casting fragility over the optimism as earnings season kicks off and geopolitical risks persist.