This content was published on <\/p>\n
April 1, 2026 – 20:43\n<\/p>\n
(Bloomberg) \u2014 US stocks rallied for a second day as hopes grew that the war in the Middle East may be nearing a conclusion, while Brent briefly fell below $100 a barrel. Treasuries wavered and the dollar was on track for a second day of declines.<\/p>\n
The S&P 500 was up 0.7%, adding to gains from the previous session as investors assessed comments by President Donald Trump on the war\u2019s trajectory. Trump said on Wednesday that Iran has asked for a ceasefire, adding that the US would only consider it if the Strait of Hormuz were reopened. Iran\u2019s foreign ministry said the claim of a ceasefire request was \u201cfalse and baseless,\u201d according to state TV.<\/p>\n
On Tuesday, Trump said he foresaw the US ending the conflict within two to three weeks, sparking a sharp rally in stocks. The US leader will hail his military campaign in Iran as a success during a Wednesday prime-time address and stress that the conclusion of operations may come within that time frame, according to a White House official.<\/p>\n
\u201cThe violent recovery in the last two days could be either the smart money betting on de-escalation in the Middle East, or it could be a touch of desperation driving fear of missing out on a recovery,\u201d said Michael Bailey, director of research at wealth management firm FBB Capital Partners. However, \u201cany mixed or bad news at these higher levels could drive markets back down.\u201d<\/p>\n
The Nasdaq 100 Index was up 1.1%. Brent was down 2.3% at around $101.55 per barrel, paring an earlier loss. The two-year Treasury yield was little changed at 3.79%, following solid data on the US labor market and retail sales.<\/p>\n
\u201cThe sharp rally in stocks over the past 24 hours demonstrates how a resolution to the conflict, or hopes thereof, may quickly drive markets higher,\u201d said Ulrike Hoffmann-Burchardi at UBS Global Wealth Management. \u201cWe continue to believe global stock markets will end the year higher than they are today.\u201d<\/p>\n
US travel, mining and chips stocks rose, with Sandisk Corp. up around 8%. Miners including AngloGold Ashanti Plc and Newmont Corp. climbed as gold advanced for a fourth day. At the same time, Nike Inc. plunged 14% after a gloomy outlook, while energy shares were weaker.<\/p>\n
What Bloomberg strategists say\u2026<\/p>\n
\u201cThe sea of green in stocks is a classic sign of markets starved for good news latching onto a sliver of hope, but traders need to look at crude prices \u2014 not headlines \u2014 as a true barometer of what the global economy is up against.\u201d<\/p>\n
\u2014 Ven Ram, macro strategist. For the full analysis, click here.<\/p>\n
Traders at Goldman Sachs Group Inc. and JPMorgan Chase & Co. suggested Tuesday\u2019s sharp rebound in US stocks was more about the unwinding of negative positioning by market participants than a shift in sentiment over the war.<\/p>\n
Some market participants are also wary of a late-week selloff in US stocks, a pattern that has taken hold since the start of the Iran war.<\/p>\n
Meanwhile, investors said it would take time for oil flows to return to normal even if the war ends within Trump\u2019s timeframe, especially given the damage to some energy facilities. Trump\u2019s team has also suggested that reopening the Hormuz strait, which carries 20% of global crude, may not be necessary to end the hostilities.<\/p>\n
\u201cEach passing week increases the global economic costs of the Iran conflict,\u201d wrote Tiffany Wilding, economist at Pacific Investment Management Co. At some point, \u201cthe economic effects of persistent disruptions will start to build, with recessionary implications for the global economy.\u201d<\/p>\n
Corporate News:<\/p>\n
Eli Lilly & Co.\u2019s weight-loss pill won US approval, ratcheting up pressure on Novo Nordisk A\/S, which launched an obesity pill earlier this year. OpenAI has completed a deal to raise $122 billion from investors at an $852 billion valuation, marking the company\u2019s largest funding round to date. Microsoft Corp. is in exclusive talks with Chevron Corp. and investment fund Engine No. 1 over a long-term deal that would underpin a giant energy complex in West Texas.<\/p>\n
Some of the main moves in markets:<\/p>\n
Stocks<\/p>\n
The S&P 500 rose 0.7% as of 2:40 p.m. New York time The Nasdaq 100 rose 1.1% The Dow Jones Industrial Average rose 0.6% The MSCI World Index rose 1.4% Currencies<\/p>\n
The Bloomberg Dollar Spot Index fell 0.2% The euro rose 0.3% to $1.1584 The British pound rose 0.6% to $1.3302 The Japanese yen was little changed at 158.77 per dollar Cryptocurrencies<\/p>\n
Bitcoin was little changed at $68,237.38 Ether rose 1.2% to $2,132.3 Bonds<\/p>\n
The yield on 10-year Treasuries was little changed at 4.31% Germany\u2019s 10-year yield declined two basis points to 2.99% Britain\u2019s 10-year yield declined nine basis points to 4.83% Commodities<\/p>\n
West Texas Intermediate crude fell 1.2% to $100.19 a barrel Spot gold rose 1.9% to $4,755.83 an ounce This story was produced with the assistance of Bloomberg Automation.<\/p>\n
\u2013With assistance from Julien Ponthus, Subrat Patnaik, Jan-Patrick Barnert, Isabelle Lee and Vildana Hajric.<\/p>\n
\u00a92026 Bloomberg L.P.<\/p>\n","protected":false},"excerpt":{"rendered":"This content was published on April 1, 2026 – 20:43 (Bloomberg) \u2014 US stocks rallied for a second…\n","protected":false},"author":2,"featured_media":331705,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,6144,85,46,5268,6145],"class_list":{"0":"post-369937","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-business-general","10":"tag-il","11":"tag-israel","12":"tag-stocks","13":"tag-ticker"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/369937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=369937"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/369937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/331705"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=369937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=369937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=369937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}