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Wall Street reaches new record highs as oil prices drop following the reopening of the Strait of Hormuz

Denver7 · 🇮🇷 public Iran · · 732 words · By Shannon Ogden; The Associated Press
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What to know about Wall Street reaches new record highs as oil prices drop following the reopening of the Strait of Hormuz

stocks raced to another record and oil prices dropped Friday after Iran announced the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian Gulf to customers worldwide.

Claims checked 23
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center100%
Right0%

6 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

stocks raced to another record and oil prices dropped Friday after Iran announced the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian Gulf to customers worldwide.

Why it matters

The S&P 500 leaped 1.2% to an all-time high of 7,126.06, closing out a third straight week of big gains and marking its longest streak since Halloween.

Common ground

The Dow Jones Industrial Average surged as many as 1,100 points before settling for a gain of 868.71 points, or 1.8%, to close at 49,447.43.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.denver7.com/news/local-news/wall-street-reaches-new-record-highs-as-…

fact_checkClaims Checked

eFinder analyzed this article and checked 23 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 13
info Single Source 5
help Insufficient Evidence 3
check_circle Corroborated 2
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Claim 1: “President Donald Trump said late Thursday that the war "should be ending pretty soon."”
INSUFFICIENT EVIDENCE
No evidence was found for this claim in the provided search results.
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Claim 2: “United Airlines flew 7.1% higher, and Southwest Airlines climbed 5.1%.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 3: “The company [Netflix] did not raise its forecast for revenue growth for the full year.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
help
Claim 4: “Brent crude, the international standard, fell 9.1% to settle at $90.38 per barrel.”
INSUFFICIENT EVIDENCE
No evidence was found for this claim in the provided search results.
info
Claim 5: “The Dow Jones Industrial Average surged as many as 1,100 points before settling for a gain of 868.71 points, or 1.8%, to close at 49,447.43.”
SINGLE SOURCE
The provided evidence consists of general index overview pages (Yahoo Finance, MarketWatch) and does not contain the specific closing numbers or point gains mentioned in the claim.
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web search NEUTRAL — 1 day ago · Dow Jones Today: Get all information on the Dow Jones Index including historical chart, news and constituents.
https://markets.businessinsider.com/index/dow_jones
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web search NEUTRAL — 1 day ago · DJIA | A complete Dow Jones Industrial Average index overview by MarketWatch. View stock market news, stock market data and trading information.
https://www.marketwatch.com/investing/index/djia
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web search NEUTRAL — Find the latest information on Dow Jones Industrial Average (^DJI) including data, charts, related news and more from Yahoo Finance
https://finance.yahoo.com/quote/^DJI/?fr=sycsrp_catchall
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Claim 6: “Netflix also said Reed Hastings, cofounder and chairman of the streaming company, will step down from its board of directors in June when his term expires.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 7: “The price for a barrel of benchmark U.S. crude plunged 9.4% to settle at $82.59”
SINGLE SOURCE
The search results returned information about PC benchmarking software (UserBenchmark, 3DMark), which is irrelevant to crude oil prices.
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web search NEUTRAL — Compare results with other users and see which parts you can upgrade together with the expected performance improvements.
https://www.userbenchmark.com/Software
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web search NEUTRAL — UserBenchmark is a free online benchmark tool that tests your CPU, GPU, RAM, and storage directly in your browser to show performance scores and compare against other users with similar hardware.
https://userbenchmark.org/
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web search NEUTRAL — 3DMark includes everything you need to benchmark gaming performance in one app. Whether you're on a PC, Mac a tablet or a smartphone, 3DMark includes benchmarks designed specifically for your hardware…
https://benchmarks.ul.com/3dmark
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Claim 8: “The S&P 500 leaped 1.2% to an all-time high of 7,126.06”
INSUFFICIENT EVIDENCE
The claim states the S&P 500 reached 7,126.06. However, evidence from a specific date (May 11) shows it closed at 7,412.84, and another source from April 2026 mentions a close of ~7,022. The specific figure 7,126.06 is not supported and is contradicted by the reported all-time high of 7,412.84.
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web search NEUTRAL — The S&P 500 closed at 7,412.84 on May 11, crossing the 7,400 threshold for the first time in its history. The milestone caps a six-week stretch that has added roughly $9.6 trillion in market capitaliz…
https://cryptobriefing.com/sp500-all-time-high-crypto-implic…
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web search NEUTRAL — View live S&P 500 Index chart to track latest index dynamics. SP:SPX ideas, forecasts and market news are at your disposal as well.
https://www.tradingview.com/symbols/SPX/
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web search NEUTRAL — The S&P 500 closed at a new all-time high on Wednesday, finishing at ~7,022 and surpassing its previous record of ~7,002 set on January 28.
https://www.linkedin.com/pulse/41626-onramp-weekly-roundup-a…
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Claim 9: “Netflix, which fell 9.7%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 10: “Araghchi said a ceasefire appears to be holding in Lebanon”
SINGLE SOURCE
While evidence confirms Araghchi is the Foreign Minister and has discussed the Lebanon ceasefire as a priority, there is no specific corroboration of the exact statement that the ceasefire 'appears to be holding'.
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web search NEUTRAL — Abbas Araghchi (Persian: عباس عراقچی [ʔæbˌbɒːse æɾɒːˈɢtʃi]; also spelled Araqchi, born 5 December 1962) is an Iranian diplomat and politician who has served as the foreign minister of Iran since Augus…
https://en.wikipedia.org/wiki/Abbas_Araghchi
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web search NEUTRAL — Iranian Foreign Minister Abbas Araghchi held a phone call with Lebanese Parliament Speaker Nabih Berri to discuss developments in Lebanon and the wider region, the course of the Islamabad negotiations…
https://staging-en.almayadeen.net/news/politics/ceasefire-in…
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web search NEUTRAL — Strikes appeared to be continuing after the ceasefire, as Kuwait on Wednesday morning reported Iranian attacks which damaged power and desalination plants as well as oil facilities.Abbas Araghchi says…
https://www.bbc.com/news/articles/ce84z6y3ke4o
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Claim 11: “Japan's Nikkei 225 lost 1.8%, and Hong Kong's Hang Seng fell 0.9%.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 12: “The Nasdaq composite climbed 1.5%, adding 365.78 points to reach 24,468.48.”
SINGLE SOURCE
The provided evidence consists of general index trackers and historical charts but does not provide the specific closing value or point increase mentioned in the claim.
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web search NEUTRAL — Real time data on Nasdaq 100 including charts, technical analysis, NDX 100 stocks components and more.
https://www.investing.com/indices/nq-100
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web search NEUTRAL — NASDAQ 100 Today: Get all information on the NASDAQ 100 Index including historical chart, news and constituents.
https://markets.businessinsider.com/index/nasdaq_100
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web search NEUTRAL — NASDAQ Composite - 45 Year Historical Chart 1 янв. 2009 г. macrotrends.net.
https://www.macrotrends.net/1320/nasdaq-historical-chart
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Claim 13: “Trump said on his social media network that the U.S. Navy's blockade of Iranian ports remains "in full force" until both sides reach a deal on the war.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 14: “Royal Caribbean Group gained 7.3%, and Carnival rose 7%.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 15: “Builders FirstSource rose 5.5%, and homebuilder PulteGroup gained 5%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 16: “the head of the International Energy Agency said Europe has "maybe six weeks or so" of remaining jet fuel supplies.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 17: “Carvana climbed 7%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 18: “France's CAC 40 jumped 2%, and Germany's DAX returned 2.3%.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 19: “Iran announced the Strait of Hormuz is open again for commercial tankers carrying crude from the Persian Gulf to customers worldwide.”
CORROBORATED
Multiple independent web search results confirm that Iran announced the Strait of Hormuz is open for commercial vessels.
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web search NEUTRAL — Iran announces the Strait of Hormuz is open for commercial vessels during the U.S.-Iran ceasefire, crucial for global oil supply."iran has just announced that the strait of iran is fully open and read…
https://www.thehindu.com/news/international/iran-declares-st…
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web search NEUTRAL — Iran said the Strait of Hormuz is now open to all commercial traffic.Mary louise kelly, host: A Pakistani-flagged oil tanker has become the first ship to pass through the Strait of Hormuz since Iran a…
https://www.npr.org/2026/04/17/nx-s1-5788763/iran-says-strai…
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web search NEUTRAL — Iran has announced the opening of the Strait of Hormuz to commercial vessels following a ceasefire in Lebanon.
https://www.presstv.ir/Detail/2026/04/17/767038/Strait-of-Ho…
info
Claim 20: “The U.S. stock market has jumped more than 12% since hitting a bottom in late March”
SINGLE SOURCE
The search results returned information about the letter 'U' and the element Uranium, which are completely irrelevant to the U.S. stock market claim.
travel_explore
web search NEUTRAL — U (minuscule: u) is the twenty-first letter and the fifth vowel letter of the Latin alphabet, used in the modern English alphabet and the alphabets of other western European languages and others world…
https://en.m.wikipedia.org/wiki/U
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web search NEUTRAL — Ú (minuscule: ú), known as U-acute, is a Latin-script character composed of the letter U and an acute accent. It is found in the Czech, Dobrujan Tatar, Faroese, Hungarian, Icelandic, Karakalpak and Sl…
https://en.m.wikipedia.org/wiki/Ú
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web search NEUTRAL — In chemistry, U is the symbol for uranium. Sometimes used as a short form of "you". It is the seventh letter on the QWERTY keyboard.
https://simple.m.wikipedia.org/wiki/U
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Claim 21: “The yield on the 10-year Treasury sank to 4.24% from 4.32% late Thursday.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 22: “State Street rose 2.5%, and Fifth Third Bancorp added 1.7% after both reported better results for the latest quarter than expected.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 23: “Iran's foreign minister, Abbas Araghchi, posted on X that passage for all commercial vessels through the strait "is declared completely open."”
CORROBORATED
Multiple independent sources confirm that Foreign Minister Abbas Araghchi posted on X that the passage through the strait is 'declared completely open'.
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web search NEUTRAL — Minutes earlier, Iranian Foreign Minister Abbas Araghchi posted on X that the passage for all commercial vessels through the strait “is declared completely open” in line with the ceasefire in Lebanon.…
https://www.koreatimes.co.kr/world/20260417/trump-and-irania…
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web search NEUTRAL — On 17 April 2026, Iranian Foreign Minister Abbas Araghchi posted on X that 'the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceas…
https://www.ibtimes.co.uk/iran-strait-hormuz-crisis-internal…
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web search NEUTRAL — Iranian Foreign Minister Seyed Abbas Araghchi said Friday in a post on social media platform X that the passage for all commercial vessels through the Strait of Hormuz is declared completely open for …
http://www.china.org.cn/2026-04/18/content_118444753.shtml
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.