Amy Morris

We bring you the closing numbers each day here at Bloomberg.

WTI down 1.25%, near $101 per barrel.

Brent crude down nearly 3.5%, near $103 per barrel.

S&P gained nearly 3%, that's 185 points.

NASDAQ is more than 3.8% higher, or 796 points.

The Dow gained 1,125 points, that's about 2.5% higher.

The 10-year Treasury yield at 4.31%, the 2-year yield at 3.78%, the Bloomberg Dollar Spot Index down about 0.5%, and Bitcoin is up about 2%, nearing $68,000.

President Trump called on other nations to wrest control of the Strait of Hormuz as Iran maintained missile fire across the Persian Gulf.

Trump says countries that cannot get energy supplies should, quote, go to the straight and just take it, and that the U.S., quote, won't be there to help you anymore.

Defense Secretary Pete Hegseth echoed Trump's criticism of NATO and other allies for not pitching in on the military operations.

Hegseth stated that U.S.

strikes are damaging the morale of the Iranian military, leading to widespread desertions and that regime change has occurred in Iran.

U.S.

Trade Representative Jameson Greer says the bottleneck in the Strait of Hormuz is likely to impact other countries before the U.S.

Trade Representative Jameson Greer spoke exclusively on Bloomberg surveillance.

OpenAI is now valued at $852 billion after closing a deal to raise $122 billion from investors, marking that company's largest funding round to date and bolstering its costly push for more chips, data centers, and talent.

The bulk of the financing came from three big tech companies, Amazon, NVIDIA, and SoftBank Group.

Nike reported better than expected sales, showing that CEO Elliot Hill's sharpened focus on sports is helping Nike rebound.

Sales were $11.3 billion in the company's fiscal third quarter, surpassing the average of estimates compiled by Bloomberg.

Earnings per share also surpassed expectations, while performance in China showed signs of improvement.