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Stock market today: Dow, S&P 500, Nasdaq futures sink as Iran launches strikes in face of Trump warning
US stocks surged on Monday, shaking off earlier losses as President Trump eased fears of an escalation in the Middle East war by postponing threatened strikes on Iran's power plants.
The Dow Jones Industrial Average (^DJI) rose 2%, or around 900 points The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) both jumped around 1.9% and 2.1%, respectively.
Markets became upbeat after Trump said he gave instructions to postpone military strikes on Iran's energy infrastructure, thanks to "very good and productive" talks between the US and Tehran that will continue throughout the week.
That eased market fears stoked by an intensifying exchange of violent rhetoric over the weekend. Trump gave Iran an ultimatum on Saturday, saying that if the Strait of Hormuz remained closed after 48 hours, he would order attacks on Iran's power facilities. On Monday, Tehran launched fresh attacks in the region.
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High oil prices knock down stocks and erase Wall Street’s hopes for a cut to interest rates
Traders work on the floor at the New York Stock Exchange in New York, Thursday, March 19, 2026. (AP Photo/Seth Wenig)
NEW YORK (AP) — Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve.
The S&P 500 fell 1.5% to close its fourth straight losing week, its longest such streak in a year. The Dow Jones Industrial Average dropped 443 points, or 1%, and the Nasdaq composite tumbled 2%.
The market’s losses deepened after oil prices erased an early dip and accelerated in the afternoon. Brent crude, the international standard, rose 3.3% to settle at $112.19 per barrel. Benchmark U.S. crude gained 2.3% to $98.32 per barrel.
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