Nasdaq Opens Higher, Oil Prices Plunge as U.S. and Iran Reach Historic Deal

The stock market is experiencing an exhilarating day as the Nasdaq opens higher, with the Dow Jones hitting a record-breaking high. The S&P 500 and Nasdaq are also soaring, driven by the tech sector's significant rally in response to the US-Iran deal to reopen the Strait of Hormuz.

This historic development has sent shockwaves across the market, with oil prices plummeting in anticipation of increased crude production. The Dow has climbed over 450 points, marking its highest ever record close.