Traders Trigger Euphoric Rally With Iran, Trump Seeking Exit

Markets Surge to Close Ugly Month | Closing Bell

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By Geoffrey Morgan

March 31, 2026 at 6:41 PM UTC

Updated on

March 31, 2026 at 8:31 PM UTC

Stock traders triggered a euphoric rally on Tuesday, piling into US equities after Iran’s official news agency said the country’s president was willing to end its war with America.

The S&P 500 Index extended gains following the report, surging 2.9% to mark its biggest advance since May 12, after the US and China came to a truce on trade. More than three quarters of stocks on the benchmark rose as US oil prices declined.