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Home Depot Inc (NYSE:HD) shares are surging Friday morning as Wall Street reacts to a de-escalation in Middle East tensions.
The world’s largest home improvement retailer is finding support from broader market momentum following news of a strategic maritime reopening.
Geopolitical Optimism Lifts Markets
Investor sentiment shifted overnight after Iran’s Foreign Minister Abbas Araghchi said the Strait of Hormuz was “completely open” for commercial vessels during the current ceasefire.
President Donald Trump previously said that the Iran war “should be ending pretty soon.” These developments have propelled the SPDR S&P 500 ETF Trust
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