US Stocks Rally on Deal to Reopen Strait of Hormuz; SpaceX Gains

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, May 13, 2026. GMR Solutions Inc., an air and ground emergency medical services company that counts KKR & Co. among its backers, raised $479 million in a downsized IPO after revising its target earlier on Tuesday.