Markets Gather Steam in Hope of Ceasefire Deal
March 25,2026 4:43 PM EST
Stocks jumped on Wednesday as oil prices pulled back and traders hoped the U.S. and Iran could reach an agreement for a ceasefire.
The Dow Jones Industrials surged 305.43 points to 46,429.49.
The S&P 500 added 35.53 points to 6,591.90
The NASDAQ hiked 167.93 points to 21,929.83.
Gains in shares of technology supported the broader market Wednesday, with Nvidia, AMD and Intel all jumping. Stocks that would benefit from a solid economy also gained with financials and industrials in the green.
The Associated Press, citing unnamed officials in Islamabad, reported that Iran has received a 15-point proposal from the U.S. to end the war. The New York Times had first reported that the U.S. sent Iran a peace plan. The plan was delivered by way of Pakistan, that outlet said, citing two unnamed officials.
Iran state media said the Middle Eastern country has rejected the U.S.' ceasefire offer, however, instead laying out a five-point plan that includes granting Iran control over the Strait of Hormuz.
The peace plan report comes after Trump earlier Tuesday said that the U.S. is “in negotiations right now” with Iran. He added that Tehran is “talking sense” and suggested it is eager to make a peace deal.
Iran state media has said the country won’t accept U.S. ceasefire efforts, however.
Prices for the 10-year Treasury hiked, lowering yields to 4.33% from Tuesday’s 4.39%. Treasury prices and yields move in opposite directions.
Oil prices declined $1.10 to $91.25 U.S. a barrel.
Gold prices jumped $131.70 to $4,533.80 U.S. an ounce.
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