Thank You Donald Trump, Wall Street Soars
The United States stock market, Wall Street, closed with enthusiasm on Monday’s trading (23/3/2026). This came after US President Donald Trump postponed an attack on Iran’s power plants following a “productive conversation” with Tehran.
The Dow Jones Industrial Average (DJIA) closed with a 1.38% jump to 46,208.47. Meanwhile, the S&P 500 surged 1.15% to 6,581, and the Nasdaq Composite rocketed 1.38% to 21,946.76.
Previously, President Trump had ordered his military to delay the attack on Iran’s power plants. This followed deeper discussions with Iran.
However, Iran’s Parliamentary Speaker denied Trump’s statement and contradicted Trump’s announcement that there were talks between the US and Iran on the final day, where both sides had “major points of agreement” and that a deal could be made soon to end the war.
It should be noted that the Uncle Sam’s stock market had collapsed last week. But it managed to reverse direction after news of the delay in the attack on Iran’s power facilities.
The collapse of the US stock market last week sent oil prices lower. Stocks had traded lower on the previous day, after threats of attacks on the power grids of Israel and Iran.
“You never know who to believe, but it seems Trump is trying to start discussions with someone in Iran to end the war, despite strong denials from Iran. This has caused significant optimism in stock prices currently, with the market rising strongly despite the denial from Iran,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York, quoted from Reuters, Tuesday (24/3/2026).
Meanwhile, the CBOE Volatility Index (VIX), Wall Street’s fear gauge, experienced a decline after previously reaching 31.04, the highest level in two weeks. The index trimmed some losses to end down 0.63 points at 26.15.
“Volatility is likely to continue, and this is all about oil prices. Nothing else really matters to people in the short term. So when oil prices fall, stocks rise and vice versa,” said Bob Doll, chief investment officer at Crossmark Global Investments, cited from the same source.
Meanwhile, investors reduced bets on a rate hike from the US central bank (Federal Reserve/The Fed), where the probability is around 13% for December from just above 25% in the previous session, based on the CME Group’s FedWatch tool.
Traders are betting on around a 72% chance that interest rates will remain unchanged by year-end after reducing bets for a cut last week following the central bank’s hawkish tone due to concerns about higher inflation.