
Traders at the New York Stock Exchange, USA. Photo: THX/VNA
The US stock market recorded a strong rally on March 31st, as speculation about a potential de-escalation of conflict in the Middle East helped alleviate concerns about global inflation, which had been driven up by rising oil prices in recent weeks.
All three major Wall Street indexes rose simultaneously after the Wall Street Journal reported that U.S. President Donald Trump had expressed to aides his willingness to end the military campaign against Iran.
Even though the Strait of Hormuz is not yet fully navigable, this information has offered hope for an "early withdrawal" scenario for the parties involved in the conflict.
The trading session on March 31st saw the largest single-day gains for indices since May 2025. The S&P 500 jumped 2.91%, closing at 6,528.52 points. The Nasdaq surged 3.83%, reaching 21,590.63 points. The Dow Jones Industrial Average rose 2.49%, reaching 46,341.51 points.
Bill Northey, senior investment director at US Bank Wealth Management, commented: "What we're seeing in the capital markets right now is the expectation of an early end to hostilities. While the specifics are still quite scarce, the market is looking for any signs that energy flows through the Strait of Hormuz could return to normal."
Despite some breakout sessions, the S&P 500 and Dow Jones recorded their deepest quarterly declines since 2022. Earlier last week, both the Dow Jones and Nasdaq entered correction territory, falling more than 10% from their all-time highs. On the S&P 500, the number of advancing stocks significantly outnumbered declining stocks, at a ratio of 5.2 to 1.
Concerns about inflation remain due to high oil prices stemming from the Iran conflict. According to CME Group's FedWatch tool, traders are currently leaning towards a scenario where the US Federal Reserve (Fed) will raise interest rates later this year rather than cut them.
Regarding economic data, the number of job openings in the US in February 2026 fell more sharply than expected, while hiring activity dropped to its lowest level in nearly six years. This indicates signs of a cooling labor market under the impact of high energy costs and interest rates.
Source: https://vtv.vn/chung-khoan-my-tang-vot-100260330144859673.htm






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