US stocks hit record highs as hopes grow for a deal to reopen the Strait of Hormuz. Falling oil prices boosted investor confidence, sending the Dow, S&P 500 and Nasdaq to fresh rec

US stocks hit record highs as hopes grow for a deal to reopen the Strait of Hormuz. Falling oil prices boosted investor confidence, sending the Dow, S&P 500 and Nasdaq to fresh records. Link US stock market hits record high amid hopes for Strait of Hormuz reopening Oil prices fall as US officials tout progress in talks to reopen critical waterway.