Yesterday's ceasefire optimism quickly unraveled as Iran moved to re-close the Strait of Hormuz, sending oil prices surging back near $100 a barrel and keeping markets on edge. Corporate headlines were dominated by a massive $21 billion AI computing deal between CoreWeave and Meta, while Disney announced layoffs and Tesla dipped on news of a cheaper SUV. Stagflation concerns grew after Q4 GDP was revised down to 0.5% and Fed minutes revealed policymakers were already debating rate hikes, though all three indices managed to close modestly higher.

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