Most U.S. stocks rose on Thursday as oil prices fell. The Dow Jones Industrial Average was up 925 points, or 1.8%, and the S&P 500 rose 0.3%. The Nasdaq composite was 0.2% lower.

Brent crude oil fell 2.8% to $95.10 per barrel. This helped many stocks rise, because people hope the United States and Iran may reopen the Strait of Hormuz for oil tankers. That could help oil flow more easily and may lower inflation.

Some companies rose after good profit reports. Elanco Animal Health rose 2%, Zoetis rose 3.8%, and Toro rose 2.1%. Toro also raised its forecast for the year.

But some AI stocks fell hard. Broadcom dropped 14.7%, even after it said its profit and sales were better than expected. Micron Technology fell 6.5%, and CrowdStrike Holdings fell 6.1%. Investors may have thought these stocks had gone up too much already.