Market Recap- 5/4/26- The Market Tried to Celebrate. The Strait of Hormuz Had Other Plans.

Monday, May 4, 2026 Wall Street came into the week riding some serious momentum — the S&P 500 and Nasdaq had just posted record closes on Friday, lifted by a strong Apple earnings beat and fading oil prices tied to ceasefire hopes. That feel-good energy lasted approximately one trading session.…

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