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Stocks Surge As Wall Street Awaits Trump's Iran Update | Closing Bell
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April 1, 2026
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9:31Now 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.
US stocks rallied for a second day as hopes grew that the war in the Middle East may be nearing a conclusion, while Brent briefly fell below $100 a barrel. Treasuries wavered and the dollar marked a second day of declines.
The S&P 500 closed up 0.7%, adding to gains from the previous session as investors assessed comments by President Donald Trump on the war’s trajectory. Trump said on Wednesday that Iran has asked for a ceasefire, adding that the US would only consider it if the Strait of Hormuz were reopened. Iran’s foreign ministry said the claim of a ceasefire request was “false and baseless,” according to state TV.
On Tuesday, Trump said he foresaw the US ending the conflict within two to three weeks, sparking a sharp rally in stocks. The US leader will hail his military campaign in Iran as a success during a Wednesday prime-time address and stress that the conclusion of operations may come within that time frame, according to a White House official.
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