Stocks Rise on Earnings and Hopes for Hormuz Deal

Stock markets reached fresh all-time highs driven by strong corporate earnings reports and optimism surrounding potential diplomatic negotiations on the Strait of Hormuz. The S&P 500 is on track for its longest winning streak since June, though gains were slightly pared back from earlier in the session. President Trump's indication that a deal on the Hormuz situation could materialize as early as Wednesday has bolstered investor sentiment.