2026.03.2313:40:09UTC+00US Stocks Rebound on Lower Oil Prices

US equities closed sharply higher on Monday after President Trump announced a five-day suspension of strikes on Iranian energy infrastructure, following what he described as constructive talks with Tehran. The S&P 500, Dow, and Nasdaq 100 all rose by around 1.5%.

Although Iranian officials denied that such talks had taken place, the announcement nonetheless signaled that the US administration is sensitive to the economic impact of elevated energy prices. This was enough to curb the latest surge in oil prices that had helped push Treasury yields higher and stoked fears of stagflation.

The easing in yields and energy concerns supported broad-based gains in equities to start the week, with most sectors advancing. Mega-cap tech names, which had come under pressure after mixed guidance on AI-related demand from chipmakers last week, saw a rebound: Tesla climbed 3%, while Nvidia, Amazon, and Apple each rose more than 2%.

Financials also benefited. Banks, insurers, and asset managers traded higher, supported by the pullback in yields as investors continued to assess the risks stemming from redemption requests at private credit funds.