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Informist, Wednesday, Apr. 1, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices see best day since May on hope of end to W Asia war

 

MUMBAI--0746 IST--All major indices on Wall Street closed with stellar gains Tuesday, with the technology-heavy Nasdaq outperforming its peers after US President Donald Trump said the war in Iran might end soon. Trump said the US would Iran leave in two-three weeks. "We leave because there's no reason for us to do this," Trump told reporters at the White House.

 

The Dow Jones, S&P 500, and Nasdaq Composite recorded their highest one-day gains since May 2025. The Nasdaq Composite closed 3.9% higher Tuesday. All the 'magnificent seven' stocks closed 3-7% higher. All major chip stocks also ended with 3-8% gains.

 

Trump's comments come even as the Strait of Hormuz remains closed. While global crude oil prices fell significantly, May futures of Brent crude oil continue to hover around $105 per barrel on Wednesday.

 

Job openings in the US declined by 358,000 to 6.88 million in February, according to the US Job Openings and Labor Turnover Survey. This is lower than Reuters' poll estimate of 6.91 million. The hiring rate fell to 3.1% in February from 3.4% in January. The survey said that only 4.8 million workers were hired in February, the lowest since March 2020 at the start of the COVID-19 pandemic.

 

Following are the closing levels of US indices Tuesday:

 

Index	Level	Change in %
S&P 500	46341.5	2.91
NASDAQ Composite	21590.629	3.83
Dow Jones Industrial Average	6258.52	2.49

 

(Ruchira Kagita)

 

End

 

US$1 = INR 94.83

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.

 

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