Goldman Sachs Leads Financials Higher as Wall Street Hits Fresh Records

The Main Points

• The S&P 500 and Dow Jones Industrial Average both closed at record highs, with the Nasdaq 100 jumping 3.3% on the week.
• Goldman Sachs gained more than 2% as financials rose 0.9% on the day, among the market's stronger-performing sectors.
• The rally was driven largely by hopes for an agreement to revive shipping through the Strait of Hormuz, which sent oil prices lower and boosted risk appetite.