Traders work on the ground of the New York Stock Exchange (NYSE) on March 27, 2026 in New York City.
Spencer Platt | Getty Images
Stocks rose on Wednesday, whereas oil costs declined to start out the month, as hope grew that an finish to the U.S.-Iran struggle was on the horizon.
The S&P 500 superior 0.72% and closed at 6,575.32, and the Nasdaq Composite gained 1.16% and settled at 21,840.95. The Dow Jones Industrial Average added 224.23 factors, or 0.48%, to finish at 46,565.74.
President Donald Trump mentioned in a post on Truth Social Wednesday morning that Iran’s president has asked the U.S. for a ceasefire. However, the U.S. will take into account the supply when the Strait of Hormuz is “open, free, and clear,” Trump added, writing that “until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!”
This comes after the president instructed reporters on the White House late Tuesday that he expects the U.S. navy forces will leave Iran in “two or three weeks.”
Oil costs eased following that remark. West Texas Intermediate futures settled down 1.24% to shut at $100.12 per barrel and Brent crude futures misplaced 2.7% to settle at $101.16 a barrel.
“The market is kind of just sniffing out that there’s probably some type of resolution in the next couple of weeks,” mentioned Patrick Ryan, chief funding strategist and head of multi-asset options at Madison Investments.
Optimism round a possible finish to the struggle despatched shares hovering on Tuesday, the ultimate buying and selling day of March.
The strikes got here after an unconfirmed report mentioned that Iranian President Masoud Pezeshkian was open to ending the struggle with ensures. He made related remarks earlier in March, saying in an X post that the “only way to end this war … is recognizing Iran’s legitimate rights, payment of reparations, and firm int’l guarantees against future aggression.”
The market could not be out of the woods yet, to make sure. According to Ryan, except there’s “some type of all-clear announcement,” buying and selling ought to “remain volatile” within the quick time period.
Investors will get extra clues on the trail ahead for the U.S.-Iran struggle Wednesday at 9 p.m. ET, with Trump set to ship an handle “to the nation to provide an important update.”
