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Dow bounces 400 points to start the week as oil prices fall back to $95 a barrel: Live updates
Stocks rose on Monday, while oil prices pulled back as Wall Street tried to recover from another losing week, with investors monitoring the latest developments of the Iran war.
The Dow Jones Industrial Average added 422 points, or 0.9%. The S&P 500 rose 1.1%, and the Nasdaq Composite gained 1.3%.
Meta shares gained more than 2% on a report — which the company has called "speculative" — that it is planning to lay off more than 20% of its workforce. Additionally, Nvidia shares rose more than 1% ahead of its GTC conference, which begins Monday.
The moves come after the S&P 500 notched its third losing week in a row and closed at its lowest level of the year on Friday.
Stock market today: Dow, S&P 500, Nasdaq rise as Wall Street crosses fingers for Hormuz reopening
US stocks climbed on Monday as Wall Street weighed the likely impact of surging oil prices on the Federal Reserve's interest rate path and looked for signs of easing in the Strait of Hormuz supply disruption.
The Dow Jones Industrial Average (^DJI) put on roughly 0.9% on the heels of another shaky week for equities. Meanwhile, the S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) moved up about 1.1% and 1.3%, respectively.
Wall Street is keeping a close watch on developments in the Strait of Hormuz as the Middle East conflict enters its third week. Several tankers successfully transited the waterway over the weekend, injecting some hope into markets that the key conduit for crude supply might reopen. At the same time, President Trump put pressure on allies to join the US in breaking Iran's blockade of Hormuz, warning NATO faces a "very bad future" if they don't help.
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Falling oil prices send Wall Street toward its best day since the start of the Iran war
Christopher Lagana works on the floor at the New York Stock Exchange in New York, Tuesday, March 10, 2026. (AP Photo/Seth Wenig)
NEW YORK (AP) — Oil prices are down, and stocks are up Monday, though such moves have been quick to reverse since the war in Iran began.
The S&P 500 jumped 1.2% and was on track for its best day in five weeks. The Dow Jones Industrial Average was up 513 points, or 1.1%, as of 10 a.m. Eastern time, and the Nasdaq composite was 1.3% higher.
The driver for markets once again was the price of oil. A barrel of benchmark U.S. crude fell 5.3% to $93.57, easing some pressure off the economy after topping $102 earlier in the morning. Brent crude, the international standard, fell 2% to $101.09 per barrel after earlier getting as high as $106.50.
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