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Stock market today: Dow, S&P 500, Nasdaq surge after Trump indicates flexibility on Hormuz
US stocks rallied on Tuesday after President Trump reportedly told administration officials that he would be willing to end the war in Iran without a full reopening of the Strait of Hormuz and told the New York Post that the war won't last "much longer."
The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) traded up by 1.4% and 1.1%, respectively, pulling back slightly from stronger gains earlier in the session. The tech-exposed Nasdaq Composite (^IXIC) gained a stronger 1.8%.
Trump has repeatedly threatened to reopen the strait by force. But on Tuesday morning, the US president seemed prepared to wind down aggressive military action, posting on Truth Social, "Iran has been, essentially, decimated. The hard part is done."
US stocks swing through another shaky day as oil prices keep climbing
U.S. President Donald Trump has suggested American troops could seize Iran’s Kharg Island oil export hub, even as he added in comments published Monday that a deal with Tehran to end the war “could be made fairly quickly.”
Bobby Charmak works on the floor at the New York Stock Exchange in New York, Monday, March 30, 2026. (AP Photo/Seth Wenig)
Christopher Lagana, left, and Dilip Patel work on the floor at the New York Stock Exchange in New York, Monday, March 30, 2026. (AP Photo/Seth Wenig)
U.S. President Donald Trump has suggested American troops could seize Iran’s Kharg Island oil export hub, even as he added in comments published Monday that a deal with Tehran to end the war “could be made fairly quickly.”
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