It's time for Yahoo Finance's market minute. US stocks soaring here after Iran said the Straight of Hormuz is open to commercial traffic.
It's a major step in easing US-Iran war tensions. The Dow rising more than 1,000 points
as the markets have now fully recovered losses tied to the recent Iran conflict.
Shares of strategy gaining and are now positive for the year. The move higher comes as crypto rallies on the hopes of a lasting ceasefire. Bitcoin trading above its highest level since early February,
crypto stocks like Robin Hood and Coinbase also getting a lift in today's trade. And lastly, Figma stock sliding after Anthropic unveils
Claude design, the new product lets users collaborate with Claude to create polished visual work like designs, prototypes and more. Anthropic's new product does place competition pressure on Figma,
which is essentially a collaborative design tool. And that's your Yahoo Finance market minute.
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