The US stock market experienced significant gains, with the S&P 500 rising 0.8% to an all-time high of 7,398.93 following a report that US employers added 115,000 jobs last month. This surge occurred despite ongoing tensions in the Strait of Hormuz, where US forces recently engaged with Iranian oil tankers, raising concerns about global oil supply and prices. Brent crude oil settled at $101.29 per barrel, reflecting the impact of these geopolitical tensions. The Australian sharemarket is projected to decline by 0.5% at the open due to these uncertainties. Meanwhile, strong corporate earnings, particularly from companies like Monster Beverage and Akamai Technologies, have bolstered investor confidence in the US stock market, even as consumer sentiment remains low amid high gasoline prices and economic concerns.