Wall Street indexes rally after Trump postpones strikes on Iran's power plants
By Sinéad Carew and Purvi
Agarwal
Mon March 23, 2026
It was quite the teeter-totter day again with the indexes swinging wildly between two competing scenarios of Trump pushing a peace plan with Tehran and Tehran denying it. At its height the Dow was up over 1100, its lowest over 200. A major impetus was also Trump’s decision not to bomb Iran’s power plants just yet. That caused oil to drop and a corresponding jump in equities.