Peace Premium: An Oil De-Escalation and a Soft Jobs Report Send Wall Street to Record Highs
Stocks notched their best week in months as an Iran-Oman shipping deal eased Strait of Hormuz oil-supply fears, sending the S&P 500 to a record 7,757.64. A weak July jobs report capped the week, cooling yields and Fed hike odds ahead of Tuesday's CPI test.