US Stocks Recover to Close Much Higher

2026-03-09 20:02 By Felipe Alarcon 1 min. read

US equities executed a dramatic reversal on Monday with the S&P 500 adding 0.9%, the Dow rising 0.5%, and the Nasdaq surging 1.3%, as the prospect of a swift conclusion to the Middle East conflict dismantled the stagflationary fears that had initially sent the avergaes plunging.

President Trump suggested the military campaign against Iran was nearing completion and that the Strait of Hormuz was reopening to maritime traffic.

This sparked a collapse in WTI crude to around $86 per barrel, a sharp retreat from overnight peaks of $119 that had threatened global energy stability.

While financial heavyweights like Wells Fargo remained soft, the semiconductor sector provided a robust tailwind as Broadcom and AMD surged over 4.6%.

Investors effectively pivoted from energy-related panic toward high-quality growth stocks, supported by Morgan Stanley analysts who noted that the US market is likely emerging from its rolling correction as fundamental earnings growth remains resilient.



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The Dow Jones Index Closes 0.43% Higher
The Dow Jones Index gained 206 points or 0.43 percent on Monday to close at 47707 points. Gains were led by Caterpillar (3.39%), Nvidia (2.73%) and Amgen (2.01%). Biggest losers were Cisco Systems (-3.08%), Boeing (-2.70%) and IBM (-2.08%).
2026-03-09
US Stocks Recover to Close Much Higher
US equities executed a dramatic reversal on Monday with the S&P 500 adding 0.9%, the Dow rising 0.5%, and the Nasdaq surging 1.3%, as the prospect of a swift conclusion to the Middle East conflict dismantled the stagflationary fears that had initially sent the avergaes plunging. President Trump suggested the military campaign against Iran was nearing completion and that the Strait of Hormuz was reopening to maritime traffic. This sparked a collapse in WTI crude to around $86 per barrel, a sharp retreat from overnight peaks of $119 that had threatened global energy stability. While financial heavyweights like Wells Fargo remained soft, the semiconductor sector provided a robust tailwind as Broadcom and AMD surged over 4.6%. Investors effectively pivoted from energy-related panic toward high-quality growth stocks, supported by Morgan Stanley analysts who noted that the US market is likely emerging from its rolling correction as fundamental earnings growth remains resilient.
2026-03-09
US Stocks Trim Losses, Hold Near YTD Low
US equities trimmed their early Monday plunge but remained near their lowest this year, as escalation in the Iran war added to risks of an energy shock that can hit the global economy. The S&P 500 and the Dow were up to 0.7% lower, while gains for tech giants allowed the Nasdaq 100 to hover below the flatline. Saudi Arabia joined Kuwait, Bahrain, and the UAE in cutting oil production as the closure of the Strait of Hormuz by Iran filled storages across the GCC. This lifted energy prices and strengthened expectations that the Federal Reserve will maintain rates elevated. Most sectors declined sharply, with Banc of America, Wells Fargo, and Citigroup dropping more than 3% to extend the rout in the financial sector. Jefferies plummeted 5% amid its exposure to defaults by First Brands and MFS, echoing pessimism for the private credit sector. Still, chip producers gained and limited losses for indices, with Broadcom, AMD, and Micro adding more than 2%.
2026-03-09