Why US Market Raising today

Deonc
04-01 08:29

BREAKING: Futures Rise As Trump Sees Iran Exit In 2-3 Weeks

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Dow Jones Futures Rise As Trump Signals Iran War Exit In 'Two Or Three Weeks'; 7 Stocks To Watch


ED CARSON Updated 08:27 PM ET 03/31/2026

Dow Jones futures edged higher overnight, along with S&P 500 futures and Nasdaq futures. President Donald Trump continued to say that the U.S. will end Iran war operations soon, saying Tuesday night that he expects an exit in "two or three weeks." Trump will address the nation on Wednesday night.


The stock market rebounded Tuesday as President Trump and top officials signaled that the Iran war could end soon, even if the Strait of Hormuz isn't open. U.S. oil prices fell, but Brent, the global benchmark, jumped.


Stocks Jump On Iran Hopes; Kiniksa Pharma, Quanta Services, Sandisk In Focus

Johnson & Johnson (JNJ) and Kiniksa Pharmaceuticals (KNSA) are among several drug and biotech names worth watching. AI infrastructure stocks GE Vernova (GEV), Vertiv (VRT) and Quanta Services (PWR) bounced off key support.


Sandisk (SNDK) reclaimed a crucial level. SolarEdge Technologies (SEDG) moved back into a buy zone but is very volatile.


GE Vernova stock is on Leaderboard. Kinikisa stock is on the IBD 50. Quanta Services is on the IBD Big Cap 20. Johnson & Johnson is Tuesday's IBD Stock Of The Day.


The video embedded in the article reviews Tuesday's market action and analyzes Kiniksa Pharmaceuticals, Quanta Services and Sandisk stock.


Dow Jones Futures Today

Dow Jones futures rose 0.15% vs. fair value. S&P 500 futures advanced 0.3%. Nasdaq 100 futures climbed 0.45%.


U.S. crude oil prices rose more than 1% above $102 a barrel.


Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.


Join IBD experts as they analyze leading stocks and the market on IBD Live


Nike (NKE) topped fiscal Q3 views late Tuesday, but the Dow giant fell sharply overnight on guidance and a sluggish China recovery. Nike stock is at its worst levels since late 2017.


Overnight, China EV makers BYD (BYDDF), Xiaomi (XIACY), Nio (NIO), Li Auto (LI) and XPeng (XPEV) will release first-quarter deliveries. Tesla (TSLA) is due to report Q1 deliveries on Thursday morning.


Stock Market Action

The stock market rebounded Tuesday, with the major indexes rallying from multimonth lows but still well below their 200-day moving averages.


On Tuesday, President Trump suggested the Iran war could end soon, telling allies to "take" the Strait of Hormuz on their own. If Iran doesn't fully open the strait, forcing it open without U.S. help would be a massive undertaking.


Late Tuesday, Trump told reporters in the White House that the U.S. will leave Iran in "two or three weeks," neither an imminent exit nor a lengthy campaign.


He'll give a primetime address on the Iran war on Wednesday night, the White House said.


Trump has given a lot of opinions on the Strait of Hormuz. As recently as early Monday, he threatened massive attacks on Iran's power plants and utilities unless Hormuz was reopened.


Iran President Masoud Pezeshkian said Tehran is ready to end the fighting but wants unspecified guarantees.


The Dow Jones Industrial Average rallied 2.5% in Tuesday's stock market trading. The S&P 500 index jumped 2.9%. The Nasdaq composite surged 3.8%. The small-cap Russell 2000 soared 3.4% and is back above its 200-day moving average.



The Invesco S&P 500 Equal Weight ETF (RSP) bounced 2.05%, reclaiming its 200-day moving average.


Tuesday just marks Day One of a stock market rally attempt. Investors can look to see if the market can build momentum and stage a follow-through day as soon as next week to confirm the rally. The rally attempt will last as long as the major indexes hold Monday's intraday lows.


U.S. crude oil prices fell 1.5% to $101.38 a barrel, but they skyrocketed 51.3% in March.


May Brent crude futures jumped 4.9% to $118.35 a barrel amid concerns about a closed Strait of Hormuz. The global benchmark spiked 63.3% this past month. However the June Brent crude contract fell to below $104.


The 10-year Treasury yield fell three basis points to 4.31%, jumping 35 basis points in March.


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ETFs

Among growth ETFs, the Innovator IBD 50 ETF (FFTY) soared 4.7%. The iShares Expanded Tech-Software Sector ETF (IGV) rebounded 3.1%. The VanEck Vectors Semiconductor ETF (SMH) roared 5.8% higher.


ARK Innovation (ARKK) soared 6.4%, and ARK Genomics ETF (ARKG) tacked on 6.5%.


SPDR S&P Metals & Mining (XME) jumped 4.4%. The Energy Select SPDR ETF (XLE) fell 1.1%, and the Health Care Select Sector SPDR Fund (XLV) gained 1.9%. JNJ stock is a big XLV holding.


The Industrial Select Sector SPDR Fund (XLI) rallied 3.3%, with GE Vernova stock a key holding. The Financial Select SPDR ETF (XLF) ascended 2.1%.


Best Growth Stocks To Buy And Watch


Stocks To Watch

Johnson & Johnson stock edged up 0.8% to 244.44, continuing a gradual bounce off the 50-day line over the past week. In a better market, investors could have used that bounce to start a position. JNJ stock is due to have a flat base after this week. The relative strength line has been hitting multiyear highs.


Kiniksa Pharmaceuticals stock jumped 5.4% to 48.15, clearing the bulk of an emerging flat base and topping a four-weeks-tight entry of 47.83. On Monday, KNSA stock found support at the 50-day line. The RS line has been soaring


GE Vernova, Vertiv and Quanta Services all bounced from their 50-day/10-week lines after recent sharp declines.


Sandisk stock vaulted 11% to 635.34 on Tuesday, reclaiming its 50-day line, an early test to see if memory plays can regain their leadership.


SolarEdge stock leaped 7.8% to 51.05 and is back above a 48.60 cup-base buy point. But it was an inside day to Monday's ugly downside reversal.


What To Do Now

Investors shouldn't get excited over a one-day bounce after a big sell-off in a news-driven market, even if the latest headlines are encouraging.


Wait to see if this is a true market uptrend, not a head fake. But be prepared. Look for stocks showing relative strength. There are still dozens of stocks worthy of being on watchlists, even if the charts look a little banged up.


If you're especially aggressive, you can make some small pilot buys, but be ready to exit.


If the Iran war truly is close to end, the market reaction could be substantial.


Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.


Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.


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