Re: 03/31/2026 Live Update
Posted: Tue Mar 31, 2026 1:37 pm
For now it looks like an ascending triangle, so bias is up.
''on hopes for a near-term resolution to the Middle East war''U.S. stock prices rise as markets monitor Middle East war
Wall Street stocks opened higher Tuesday on hopes for a near-term resolution to the Middle East war despite the continued blockage of most petroleum deliveries in the Strait of Hormuz.
Equities have been "energized" by reports that President Trump could soon end the war with Iran, said Briefing.com analyst Patrick O'Hare.
About 15 minutes into trading, the Dow Jones Industrial Average was up 1.0 percent at 45,677.81.
The broad-based S&P 500 gained 1.3 percent to 6,426.13, while the tech-rich Nasdaq Composite Index jumped 1.7 percent to 21,138.99.
Meanwhile, the average price of gasoline at U.S. pumps has soared past $4 a gallon, the highest for nearly four years on the back of the Iran war.
Hopes are not a strategy. I heard that somewhere.
