U.S. stock futures showed modest gains on Monday night, reflecting a hopeful recovery after significant advances in the major indices during the day’s trading session. The S&P 500 futures rose 0.1%, while Nasdaq 100 futures saw an increase of 0.2%. Futures linked to the Dow Jones Industrial Average added 63 points, also up by 0.1%.
Throughout Monday, the S&P 500 surged by 1.15%, the tech-driven Nasdaq climbed 1.38%, and the Dow gained an impressive 631 points, marking a 1.38% uptick. This rally represented the best performance of the three major averages since early February, driven predominantly by traders’ optimism surrounding a potential resolution to the ongoing U.S.-Iran conflict.
President Donald Trump took to Truth Social, stating that “very good and productive conversations” have occurred between the U.S. and Iran aimed at ceasing hostilities in the Middle East. However, Iranian state media contradicted this, reporting no direct negotiations between the nations. This mixed messaging fueled market volatility, with the Dow once up by more than 1,100 points during the trading day.
Further supporting this market rally, oil prices have dipped. West Texas Intermediate (WTI) futures settled down approximately 10.3% at $88.13 per barrel, while Brent futures fell nearly 11% to $99.94 per barrel. This drop in oil prices is seen as a stabilizing factor for the markets.
Tensions between the U.S. and Iran remain high, despite the optimistic tones from the White House. Over the weekend, Trump threatened military action against Iranian power plants if the Strait of Hormuz was not reopened, while Iran warned it would target U.S. infrastructure in retaliation.
Despite the day’s positive trading outcomes, Citi U.S. equity strategist Scott Chronert cautioned investors during an appearance on CNBC’s “Closing Bell: Overtime.” He acknowledged the present optimism but emphasized that the road ahead remains uncertain: “We still have a lot to consider regarding how oil prices will influence underlying economic conditions. While we’re currently seeing a down 5% to 10% narrative, we must stay alert to the ongoing risks that are still quite significant.”
As the week progresses, traders will closely monitor upcoming data, particularly regarding the U.S. manufacturing Purchasing Managers’ Index, which is expected to provide further insight into the economic landscape.
The positive trends in the markets amid geopolitical uncertainties illustrate the complexities that traders face as they navigate fluctuating conditions. As discussions regarding U.S.-Iran relations continue, market participants remain vigilant for indicators that may influence future price movements.
[Categorized under: Stock Market, U.S. Economy, Geopolitical Affairs]
Original Source: https://www.cnbc.com/2026/03/23/stock-market-today-live-updates.html
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Publish Date: 2026-03-24 05:09:00
