US stocks move higher on hopes for an end to war with Iran, but it’s been a volatile month | CNN Business

US stocks rallied sharply Tuesday to close out one of the roughest months and quarters in years. The Dow rose by 1,125 points, or 2.49%. The S&P 500 gained 2.9% and the tech-heavy Nasdaq Composite rose 3.8%. All three experienced their best trading day since May. The rebound came after reports and comments from the Trump administration about potentially ending the war soon, albeit without a resolution in the Strait of Hormuz. But an unconfirmed rumor that Iran’s president may be open to discussing an end to the war, with conditions, sent stocks even higher around midday. Stocks moved on a report that Iranian President Masoud Pezeshkian had issued a statement that Iran is ready to end the war in exchange for security guarantees. State media later confirmed the statement. The cautious move in oil prices and relatively muted decline in Treasury yields suggest investors remain somewhat skeptical about an immediate end to the war. Wall Street entered the month of March trading just below record highs. But the war with Iran has rocked markets, sending the Dow and Nasdaq into correction territory. Ultimately, Tuesday’s strong gains were not nearly enough to erase the steep declines fo