Markets climb on Hormuz traffic restart, SpaceX IPO filing

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2026.05.21 04:31
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The resumption of tanker traffic through the Strait of Hormuz has stabilized oil prices and boosted equity markets globally. Semiconductor stocks surged following Nvidia's positive forecast and Samsung's strike suspension. Additionally, SpaceX has filed for a Nasdaq IPO aiming to raise $75 billion, potentially marking the largest IPO ever at a valuation of $1.75 trillion.