Stock market today: Dow, S&P 500, Nasdaq soar as Trump postpones Iran strike, citing 'very good' talks

^DJI ^GSPC ^IXIC

• Stocks unfastened higher connected hopes of deescalation with Iran

  Stocks jumped astatine the commencement of trading, offering a respite from past week's brutal sell-off amid warfare and heightened ostentation concerns.

  The Dow Jones Industrial Average (^DJI) surged 1.6% astatine the open, portion the S&P 500 (^GSPC) climbed 1.3% and the tech-heavy Nasdaq Composite (^IXIC) roseate 1.4%.

  Equities rallied aft President Trump announced connected Truth Social that the US would hold strikes connected powerfulness and vigor infrastructure for the week. However, Iran's Foreign Ministry denied that Iran was successful talks with the US, saying the 2 sides person had "no dialogue."

  SNP - Free Realtime Quote • USD

  6,615.18 +108.70 (+1.67%)

  As of 9:50:02 AM EDT. Market Open.

  ^GSPC ^IXIC ^DJI

  Bonds were much muted astatine the commencement of trading, with the 10-year Treasury output (^TNX) falling somewhat to 4.37%.

  West Texas Intermediate (CL=F) crude futures sank 7% to $90 a barrel, portion planetary benchmark Brent (BZ=F) fell to $102 per barrel.

  Gold (GC=F) besides dropped 3% to $4,421 per ounce, and bitcoin prices (BTC-USD) roseate 2% to $70,727.

• S&P 500 rebalancing highlights AI tilt successful market

  Vertiv (VRT), Lumentum (LITE), Coherent (COHR), and EchoStar (SATS) stocks each jumped much than 2% premarket aft joining the S&P 500 scale (^GSPC) earlier trading began connected Monday, continuing a taxable of AI attraction successful the benchmark index.

  The 4 companies — which run successful the information center, optical networking, and outer communications abstraction — replaced Match Group (MTCH), Molina Healthcare (MOH), Lamb Weston Holdings (LW), and Paycom Software (PAYC) connected the scale arsenic portion of the S&P's quarterly rebalancing.

  The S&P 500 undergoes a quarterly rebalancing to guarantee its creation reflects the existent marketplace and the 500 largest publically traded companies. The rebalancing tin power banal prices successful the abbreviated word done the "index effect," but these effects are usually minimal implicit the agelong run.

  Vertiv, Lumentum, and Coherent person seen peculiarly ample run-ups twelvemonth to date, with their stocks rising 37% (Coherent) to 91% (Lumentum) since the opening of the year. All 3 companies person partnerships with Nvidia (NVDA) — the AI person that makes up astir 7% of the S&P 500's valuation.

  These three, on with outer communications supplier EchoStar, item the increasing tilt successful the marketplace toward the artificial quality theme.

• 

  The marketplace is fading the TACO trade

  Stock futures surged, and vigor futures tumbled aft President Trump said aboriginal Monday that strikes connected Iranian vigor targets would beryllium paused portion the US and Iran prosecute successful talks.

  Markets betting that Trump chooses to deescalate the warfare successful Iran from present is simply a militarized mentation of the trade-related TACO commercialized (betting "Trump Always Chickens Out") that became truthful fashionable among investors past summer. This clip around, however, investors don't look to person arsenic overmuch religion successful the TACO thesis, with a bully chunk of Monday's knee-jerk determination having already been fixed up.

  Take lipid futures — the terms of WTI crude lipid fell from astir $100 a tube to person to $86 astir instantly connected these headlines. An hr later, we're backmost astatine $92.

  Stock futures surged arsenic overmuch arsenic 2.5% pursuing Trump's comments. Near 8:20 a.m. ET, banal futures were up person to 1.4%.

  Trump turning down the somesthesia connected US subject enactment successful the Middle East is affirmative for markets, but the connection from past week that volition instrumentality much than 1 station connected Truth Social to shingle is that the economical consequences of Trump's warfare successful Iran volition beryllium greater than nothing.

• Stock futures leap aft President Trump postpones vigor infrastructure strikes for 5 days

  Stock futures jumped aft President Trump said helium instructed the Department of Defense to postpone subject strikes against Iranian powerfulness and vigor infrastructure for 5 days portion the US and Iran prosecute successful talks.

  The president posted connected Truth Social that the 2 sides person been engaged successful "very bully and productive conversations regarding a implicit and full solution of our hostilities successful the Middle East." Over the weekend, Trump issued an ultimatum to the Iranians, telling them via societal media that if they didn't reopen the Strait of Hormuz by Monday evening, the US would "obliterate their assorted powerfulness plants."

  Futures connected the Dow (YM=F), S&P 500 (ES=F), and Nasdaq 100 (NQ=F) changeable higher pursuing the post, suggesting an off-ramp to the fighting, portion WTI (CL=F) and Brent (BZ=F) crude lipid prices dropped astir $8 per tube instantly to commercialized astatine $90 and $99 a barrel, respectively.

• Goldman raises lipid forecasts connected largest-ever proviso shock

  Bloomberg reports:

  Read much here.

• Bonds suffer $2.5 trillion successful Iran warfare wipeout that mirrors 2022

  From Bloomberg:

  “Markets are opening to terms what I deliberation is going to beryllium a stagflationary impulse manifested precise soon,” Kathryn Rooney Vera, main marketplace strategist astatine StoneX Group Inc., said successful an interrogation connected Bloomberg Television. “The longer this goes on, the higher lipid prices tin rise.”

  Read much here.

• Oil pushes higher arsenic timepiece ticks connected Trump’s Hormuz ultimatum

  Bloomberg reports:

  Read much here.

• Gold winds backmost yearly gains aft largest play driblet since 1983

  Yahoo Finance's Ines Ferré reports:

  Read much here.

• 

  Sun, March 22, 2026 astatine 11:03 PM UTC

  Oil trades down arsenic Trump threatens Iran powerfulness infrastructure, Goldman Sachs raises terms targets

  Oil traded flimsy beneath past week's closing prices astatine the commencement of futures trading connected Sunday, with astir 24 hours to spell connected President Trump's 48-hour ultimatum to Iran.

  Futures prices connected Brent crude (BZ=F), the planetary pricing benchmark, initially surged but rapidly gave up gains successful the minutes aft the unfastened connected Sunday, trading astir $106 per barrel. Those connected US benchmark West Texas Intermediate crude (CL=F) changed hands astir $97.90 per barrel.

  In a station connected Truth Social astatine 6:45 p.m. ET connected Saturday, President Trump said Iran had 48 hours to "FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz," oregon other "within 48 HOURS from this nonstop constituent successful time, the United States of America volition deed and obliterate their assorted POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!"

  The menace by the US president comes aft a week of attacks by the Iranian authorities against vigor infrastructure passim the Gulf, including Qatar's Ras Laffan LNG export terminal — the world's largest specified facility.

  In a enactment to clients connected Sunday evening, Goldman Sachs' lipid desk, led by caput of lipid probe Daan Struyven, raised its terms targets for oil, present looking for Brent to commercialized astatine $110 per tube done March and April, up from a erstwhile telephone for $98 per tube implicit the aforesaid timeframe nether the presumption that "Hormuz flows stay astatine lone 5% of mean levels for a longer 6-week play earlier a gradual 1-month recovery."

  The slope is present assuming an mean 2026 terms of $85 and $79 per barrel, respectively, for Brent and WTI, up from erstwhile estimation of $77 and $72 per tube for the 2 benchmarks. In 2027, Goldman expects Brent and WTI to mean $80 and $75 per barrel, respectively.

  "In the short-run, the marketplace is apt to necessitate a increasing hazard premium to make precautionary request demolition to hedge against shortages successful longer disruptions hazard scenarios," Goldman's Struyven, Yulia Grigsby, and Alexandra Paulus wrote.

  "A designation of the risks from the precocious attraction of accumulation and spare capableness is apt to pb to structurally higher strategical stockpiling and long-dated prices."