Home Depot (HD) rose about 3.79% to $349.72 in a broad risk-on session, with investors rotating into consumer-facing large caps as geopolitical anxiety eased. The key catalyst was a shift in the Middle East risk narrative after the Strait of Hormuz was declared open to commercial vessels during a ceasefire period, helping drive a sharp drop in crude and improving sentiment across equities. (benzinga.com)

A sudden decline in oil prices can support retailers by reducing shipping and logistics costs, easing pressure on consumer budgets, and improving overall market confidence—especially when the move is tied to perceived supply-risk relief in a major energy corridor. With HD viewed as a bellwether for big-ticket and home-improvement demand, the stock often moves with macro shifts that influence discretionary spending and credit conditions. (apnews.com)

Traders are likely to focus on whether shipping conditions in the Strait of Hormuz remain stable through the ceasefire window, because any renewed disruption could quickly reverse the oil move and broader equity bounce. A re-acceleration in energy prices or renewed conflict headlines would be a near-term risk to today’s rally, while continued de-escalation could keep consumer and retail names bid. (apnews.com)