Market Report, 2026-03-31

Stocks just had their best day in over a month as the President of the United States signaled a potentially hastened exit, while Iranian state media said they were willing to end the conflict as long as certain guarantees were made. Although oil prices did not change meaningfully, the stock market viewed this as a stronger sign and surged in a massive rally.

All major U.S. stock indices ended the day at least 2% higher. The Dow advanced by more than 1,000 points to 46,342. The NASDAQ went on a tear, rallying 3.43% to 23,740. The S&P 500 ended the day 2.91% higher at 6,529.

Energy was the only sector to end the day meaningfully lower, while technology led the rally, advancing a whopping 4.24%, followed by industrials and consumer discretionary, both of which returned more than 3% today.

The bond market did not react as dramatically. The U.S. 5-year Treasury yield was 3 basis points lower than yesterday at 3.95%, and the 10-year yield was 2 basis points lower at 4.32%. Gold also rallied more than 3%.

Not only does it appear that the war might be ending soon, but economic data also showed positive signs. A gauge of home prices came in lower than expected today, which could affect a major component of inflation measures. The Chicago Business Barometer showed continued expansion, albeit slower than expected. Job openings for February came in as expected. Consumer confidence came in slightly higher than last month and significantly higher than economists’ forecasts.

With messaging going back and forth between the U.S. and Iran, as well as private payroll data coming out, tomorrow may bring more major developments. This is Adams Wealth Advisors, and we will deliver the latest developments tomorrow.