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.
All the indexes had a volatile day but all three closed with very impressive gains over 1% and the optimism caused the VIX fear gauge to drop from 31 to 26. There is even talk today that there might be a rate cut come December. Coming later this week are more Fed speeches, business activity and consumer sentiment data. Volume was just a notch above the 20.68 average, coming in at close at 20.94 billion.
DJ: 45,577.47 -443.96 NAS: 21,647.61
-443.08 S&P: 6,506.48
-100.01 3/20
DJ: 46,208.47 +631.00 NAS: 21,946.76
+299.15 S&P: 6,581.00
+74.52 3/23
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