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Iran and the US appeared to be winding down aggressive rhetoric on Tuesday, though big questions about the Strait of Hormuz remain.
US stocks gained on Wednesday following a powerful rally across Wall Street to wrap up the first quarter, while investors weighed remarks from Trump indicating he may be winding down hostilities against Iran.
The S&P 500 (^GSPC) rose .7%, while the Nasdaq Composite (^IXIC) gained roughly 1%, and the Dow Jones Industrial Average (^DJI) climbed 0.5%.
The market-shifting moves were fueled by reports suggesting a potential diplomatic off-ramp in the Iran conflict. According to comments made to state media, Iranian President Masoud Pezeshkian is open to deescalation under certain conditions, stating Iran has "the necessary will to end this war."
Daily Market Coverage Apr. 1, 2026 3PM-5PM (ET) | Yahoo Finance
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