U.S. stock markets surged on March 31, 2026, after President Donald Trump indicated the war with Iran could end soon, with U.S. military withdrawal expected in two to three weeks.
Market Reaction
- The Dow Jones Industrial Average jumped over 1,100 points.
- The S&P 500 gained 2.91% to close at 6,528.52.
- The Nasdaq Composite rose 3.83% to 21,590.63.
- This marked the best day for all three indexes since May 2026.
Trump's Statements on Iran
- President Trump told aides he is willing to end military hostilities even if the Strait of Hormuz remains largely shut.
- He told the New York Post that the war will likely end soon and the strait would reopen automatically after a U.S. exit.
- Trump expects U.S. forces to leave Iran in "two or three weeks."
- He will deliver a national address on the Iran situation at 9 p.m. ET on April 1.
- Trump criticized Western allies, including France and the U.K., for refusing to join military action, warning the U.S. "won't be there to help you anymore."
Geopolitical and Oil Market Impact
- The conflict has partially closed the Strait of Hormuz, disrupting global oil supply chains.
- Brent crude prices remained high after Iran attacked a Kuwaiti oil tanker near Dubai.
Tech Sector News
- OpenAI announced a funding round valuing the company at $852 billion post-money, with $122 billion in committed capital.
- Oracle confirmed it is cutting thousands of jobs due to a plummeting stock price linked to heavy AI infrastructure spending.