New Delhi, May 1 -- Major US stock indices climbed on Friday, fueled by robust corporate earnings and declining crude oil prices, despite the ongoing closure of the Strait of Hormuz.

At 09:54 a.m. ET, the Dow Jones Industrial Average rose 148.14 points, or 0.30%, to 49,800.28, the S&P 500 added 40.71 points, or 0.56%, to 7,249.72, and the Nasdaq Composite gained 193.21 points, or 0.78%, to 25,085.52 - fresh records for the Nasdaq and the S&P 500.

At the open, the Dow Jones Industrial Average rose 180.4 points, or 0.36%, to 49,832.57. The S&P 500 rose 25.5 points, or 0.35%, to 7,234.54, while the Nasdaq Composite rose 85.5 points, or 0.34%, to 24,977.79.

Oil values softened following reports from Iranian state media that Tehran has subm...