On Wednesday, the U.S. stock market reached new heights, with the S&P 500 rising 1% and surpassing its previous all-time high. The Dow Jones Industrial Average added 340 points (0.7%), while the Nasdaq composite climbed 1.6% to set its own record. This surge occurred as major companies, including GE Vernova and Boston Scientific, reported Q1 profits that exceeded analysts' expectations. Meanwhile, Brent crude oil prices increased by 3.5% to $101.91 per barrel amid ongoing tensions in the Strait of Hormuz, where Iran has restricted shipping traffic due to military actions. The price of Brent crude has fluctuated significantly, rising from $70 per barrel before the conflict to over $119 at its peak, reflecting concerns over supply disruptions. While most companies in the S&P 500 have reported positive earnings, Best Buy's shares fell 4.6% following the announcement of CEO Corie Barry's departure. In contrast, cannabis stocks soared, with Tilray Brands jumping 14.2% and Canopy Growth rising 20.2%, following reports of potential reclassification of marijuana by the Trump administration. Internationally, stock indexes in Europe declined, while Japan's Nikkei 225 rose 0.4%.