U.S. stocks were mixed, with the S&P 500 and Nasdaq Composite rising 0.1% and
0.2% to fresh highs, while the Dow Jones Industrial Average dipped 0.1%. Gains
came as investors weighed Iran’s proposal to reopen the Strait of Hormuz. Oil
prices rose, with Brent above $100 and WTI near $96. Microsoft edged lower after
ending its exclusive partnership with OpenAI. Markets await the Federal Reserve
policy decision.