Stock rally fragile as Iran missile strike near Strait of Hormuz spooks markets.

U.S. stock markets, after a record run fueled by strong tech earnings, faced pressure as reports emerged of two Iranian missiles striking a U.S. warship near Jask Island by the Strait of Hormuz. This escalation raises concerns about rising global crude oil prices and geopolitical tensions, which could threaten the recent market gains. Investors are now cautious, watching for further developments in the Middle East that could impact market stability and energy costs.