Stock Market Update

[BRIEFING.COM] The S&P 500 (+1.1%), Nasdaq Composite (+1.4%), and DJIA (+1.8%) are modestly below their best levels of the session, but remain firmly higher as the market enters the final hour of this week's action.

Geopolitical developments continue to generate headlines this afternoon, with The Wall Street Journal reporting that the next round of talks between the U.S. and Iran will likely be held on Monday in Pakistan.

Additionally, CNBC reported that the first cruise ship transited the Strait of Hormuz since the start of the War in Iran. Crude oil futures settled today's session $10.49 lower (-11.1%) at $84.22 per barrel.