Traders on the New York Stock Exchange work at their stations. /Courtesy of Reuters Yonhap

With Iran declaring that it will fully allow merchant ship passage through the Strait of Hormuz during the truce with the United States, the New York stock market extended its gains on the 17th (local time).

On the New York stock market that day, the Dow Jones Industrial Average finished at 49,447.43, up 868.71 points (1.79%) from the previous session.

The Standard & Poor's (S&P) 500 index closed at 7,126.06, up 84.78 points (1.20%) from the previous session. Breaking above the 7,100 level was a first-ever event.

The Nasdaq composite, heavy with technology stocks, closed at 24,468.48, up 365.78 points (1.52%) from the previous session.

With the day's rise, the S&P 500 and Nasdaq indexes surpassed record highs for a third straight trading day.

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