The Dow Jones Industrial common closed up greater than 600 factors on Monday after President Donald Trump claimed “productive conversations” had been held between the US and Iran.
The key inventory indexes every soared greater than 2% in early buying and selling however gave up a few of these positive aspects as a flurry of headlines in regards to the U.S.-Israeli warfare with Iran elicited value fluctuations.
The peace talks — which Iranian officers denied — despatched the worth of oil plunging on Monday on hopes that negotiations may reopen the Strait of Hormuz and finish a weeks-long world power shock.
The Dow closed up 631 factors or 1.3%, whereas the S&P 500 jumped 1.1%. The tech-heavy Nasdaq elevated 1.3%.
Every of the indexes remained under the place it stood earlier than the U.S.-Israeli warfare with Iran started on Feb. 28.
A dealer works on the ground of the New York Inventory Change after the opening bell in New York, New York Metropolis, March 23, 2026.
Sarah Yenesel/EPA/Shutterstock
A selloff cascaded throughout world markets in current weeks as stockholders feared economic fallout from a probably extended bout of elevated oil costs.
International oil costs plunged greater than 10% on Monday after Trump made his declare about ongoing negotiations with Iran. Nonetheless, the worth of oil stood above $100 a barrel, marking a steep rise for the reason that outbreak of warfare.
Trump, after suspending U.S. strikes on Iran’s power infrastructure citing new negotiations with Tehran, stated on Monday that talks will proceed and that there are “main factors of settlement.”
In line with Iranian state media, Iran’s Parliament Speaker Mohammad Qalibaf stated, “no talks with the U.S. have taken place; studies claiming in any other case are pretend information aimed toward influencing monetary and oil markets and distracting from the challenges going through the U.S. and Israel.”
