Despite Iran denial, US stocks soar on Trump's claim of negotiations
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get all exclusive analysis, access our analysis and get Gold and signals alerts
Elevate your trading Journey.
UPGRADE- S&P 500, NASDAQ, Dow Jones pop after President Trump claims progress on negotiations.
- Iran denies that any negotiations took place this weekend.
- Trump says US and Israel will hold off on bombing energy infrastructure for five days.
- Oil futures slump over 9%, briefly trading below $90/barrel.
US stocks spiked on Monday morning after US President Donald Trump claimed that negotiations were underway with Iran in an effort to end the nearly one-month war. The NASDAQ Composite and Dow Jones Industrial Average (DJIA) both spiked momentarily above 2%, while the S&P 500 gained 1.7%.
Oil futures tanked 9% on the news, edging slightly below $90/barrel, even though most reports suggest Trump's statement is false. The Iranian Foreign Ministry denied that it has been engaged in direct negotiations, and this episode appears similar to another false announcement by the Trump administration earlier in March.
Similarly to last time, rumors abound that enormous positions were taken in the market in the minutes before Trump released his statement to Truth Social, his personal social media platform.
Still, the market believes that Trump's promise to hold off on bombing energy infrastructure for five days might create the space for a lasting peace deal. Trump suggested on Fox Business that the war could wrap up in five days or less. However, an Israeli officials was quoted, "We plan to continue operations while avoiding targeting energy facilities."
S&P 500 chart
The S&P 500 has recovered above the 6,550 former support level at the time of writing. This is a terrific sign for bulls, but they might want to take profits off the table here. That's because last Friday's breakdown of that level means that 6,400 is on the table. The 6,400 round figure hasn't been touched since late September 2025.
For now, traders could hold onto their positions until Oil futures or US Treasury yields reverse higher.
- S&P 500, NASDAQ, Dow Jones pop after President Trump claims progress on negotiations.
- Iran denies that any negotiations took place this weekend.
- Trump says US and Israel will hold off on bombing energy infrastructure for five days.
- Oil futures slump over 9%, briefly trading below $90/barrel.
US stocks spiked on Monday morning after US President Donald Trump claimed that negotiations were underway with Iran in an effort to end the nearly one-month war. The NASDAQ Composite and Dow Jones Industrial Average (DJIA) both spiked momentarily above 2%, while the S&P 500 gained 1.7%.
Oil futures tanked 9% on the news, edging slightly below $90/barrel, even though most reports suggest Trump's statement is false. The Iranian Foreign Ministry denied that it has been engaged in direct negotiations, and this episode appears similar to another false announcement by the Trump administration earlier in March.
Similarly to last time, rumors abound that enormous positions were taken in the market in the minutes before Trump released his statement to Truth Social, his personal social media platform.
Still, the market believes that Trump's promise to hold off on bombing energy infrastructure for five days might create the space for a lasting peace deal. Trump suggested on Fox Business that the war could wrap up in five days or less. However, an Israeli officials was quoted, "We plan to continue operations while avoiding targeting energy facilities."
S&P 500 chart
The S&P 500 has recovered above the 6,550 former support level at the time of writing. This is a terrific sign for bulls, but they might want to take profits off the table here. That's because last Friday's breakdown of that level means that 6,400 is on the table. The 6,400 round figure hasn't been touched since late September 2025.
For now, traders could hold onto their positions until Oil futures or US Treasury yields reverse higher.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.