More Stories

Informist, Tuesday, Mar. 24, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: US indices rally as Trump postpones strike on Iran power plants

 

MUMBAI--0725 IST--Major stock indices in the US rallied on Monday after comments by US President Trump on postponing strikes on Iranian power plants, citing constructive talks with the country, sent crude oil prices down. On Monday, the May futures of Brent crude closed at $99.94 per barrel, nearly 11% lower than the previous close.

 

"The volatility is likely to continue and it's all about the price of oil. Nothing else really matters to people in the short term. So when oil prices are down, stocks go up and vice versa," Bob Doll, chief investment officer at Crossmark Global Investments, told Reuters. "What's up the most today is not a surprise. It's things ‌with economic sensitivity."

 

All three major indices were up over 1% on Monday, registering their highest single-digit percentage gains in a day since Feb. 6, according to Reuters. All 11 major industry sectors in the S&P 500 rose, Reuters reported. The consumer discretionary sector ended 2.5% higher and other cyclical sectors saw notable gains too. Defensive sectors fared poorly in comparison, with healthcare ending nearly flat and consumer staples ending nearly 0.4% higher. Stocks of airline companies also rallied on the back of the dip in oil prices, with shares of Alaska Air and United Airlines both ending over 4% higher.

 

Further, investors trimmed their expectations of a hike in interest rates by the US Federal Reserve to around 13% for December from above 23% in the previous session, according to the CME Group's FedWatch.

 

Following are the closing levels of US indices Monday:

 

Index	Level	Change in %
S&P 500	6581	1.15
NASDAQ Composite	21946.76	1.38
Dow Jones Industrial Average	46208.47	1.38

 

(Shruti Nair)

 

US$1 = INR 93.98

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.