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Stocks Rally and Oil Falls on Hope War Is Near End | Closing Bell
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March 31, 2026
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10:06Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Wall Street staged a dramatic comeback at the end of March, with stocks climbing as oil fell on hopes that the war that has jolted global markets and disrupted energy supplies may be nearing a conclusion.
Equities saw their biggest rally since May on speculation that both the US and Iran might be looking for a way out of the conflict. The S&P 500 gained 2.9% and the Nasdaq Composite added 3.8%. Airlines jumped while energy producers slipped. US crude closed near $101. Its retreat from multiyear highs extended an advance in Treasuries. The dollar dropped and gold rose.
The Tick Index, which measures the amount of equities on the New York Stock Exchange moving higher versus lower on a second-by-second basis, spiked to the highest on record at one point Tuesday.
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