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Stocks Surge on Signs the US and Iran Seek to End War
Barchart - Tue Mar 31, 3:36PM CDT
The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +2.91%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +2.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.43%. June E-mini S&P futures (ESM26) rose +2.88%, and June E-mini Nasdaq futures (NQM26) rose +3.42%.
Stock indexes rallied sharply on Tuesday in hopes that an end to the Iran war is near. The Wall Street Journal reported Tuesday that President Trump signaled he was willing to end the US military campaign against Iran even if the Strait of Hormuz remains closed. The report said Mr. Trump believes the US should wind down hostilities while pressuring Iran diplomatically to reopen the Strait. If that fails, the US will press allies in Europe and the Gulf to take the lead on reopening the waterway. US and Israeli forces pressed ahead with attacks on Iran on Tuesday, while Iran hit a Kuwaiti oil tanker off Dubai in a drone attack, and the UAE reported a drone attack.
Stocks added to their gains,... Read more
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More News Asian stocks jump on renewed hopes of Iran war ending AP - 38 minutes ago
Asian shares are sharply higher after U.S. stocks soared to their best day in almost a year over renewed hopes that the Iran war could soon end
Oil and gas prices won't immediately return to normal even if the Iran war ends, the EU warns AP - Tue Mar 31, 10:20PM CDT
The European Union's energy commissioner says skyrocketing oil and gas prices in Europe as a result of the ongoing Iran war won’t return to normal levels any time soon, even if peace is declared tomorrow...
Business sentiments in Japan improving despite Iran worries AP - Tue Mar 31, 9:17PM CDT
A quarterly survey by the Bank of Japan shows business sentiment among major Japanese manufacturers improved slightly
JetBlue raises its checked bag fees by as much as $9 as the Iran war affects fuel costs AP - Tue Mar 31, 7:34PM CDT
U.S. carrier JetBlue has raised its checked bag fees by as much as $9 as the war in the Middle East disrupts global oil supplies
Gas prices eclipse $4 a gallon in the US, the highest since 2022 AP - Tue Mar 31, 5:24PM CDT
U.S. gas prices have jumped past an average of $4 a gallon for the first time since 2022 as fuel prices continue to soar worldwide amid the Iran war
The Dow surges more than 1,100 points as Wall Street soars to its best day since last spring AP - Tue Mar 31, 4:44PM CDT
U.S. stocks surged to their best day since last spring as doubt swung back to hope on Wall Street about a possible end to the war with Iran
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