Mumbai, April 23 -- The U.S. stock market rallied to more records Wednesday after GE Vernova Boston Scientific and other big companies joined the parade reporting fatter profits for the start of the year than analysts expected.

The S&P 500 jumped 1% and t opped its prior all-time high set on Friday. The Dow Jones Industrial Average added 340 points (0.7%) and the Nasdaq composite set its own record after jumping 1.6%.

The price for a barrel of Brent crude oil the international standard climbed 3.5% to $101.91 on uncertainty about when the war with Iran could let up and allow petroleum to flow freely to customers from the Persian Gulf again.

The war has restricted traffic through the Strait of Hormuz, where Iran fired on three ships and...