Traders work on the floor of the New York Stock Exchange on March 17, 2026.
Brendan McDiarmid | Reuters
of S&P500 Wall Street rose on Tuesday, riding on the momentum seen in the previous session amid developments in the Iran war.
The broader market index rose 0.25% to end at 6,716.09. Nasdaq Composite It rose 0.47% to end at 22,479.53. of Dow Jones Industrial Average Added 46.85 points (0.1%) to end at 46,993.26.
Fluctuations in oil prices and the aftermath of the Iran war continue to impact investor sentiment. On Tuesday, oil prices resumed their rise along with global indicators. brent crude oil Up 3% and firmly above the $100 mark.
Despite higher oil prices, S&P 500 consumer discretionary stocks rose 1% on the day, driven by higher oil prices. expedia group and Reservation held. Strong revenue guidance from airlines delta and american Boosted those names. However, the sector is down more than 2% this month.
Energy was the index’s leading sector, rising just over 1%. This move brings the rate of increase since the beginning of the month to more than 4%.
crude oil price
Oil prices rallied after President Donald Trump suggested on Monday that building a coalition to protect shipping along the Strait of Hormuz is still underway. And on Tuesday, President Trump said in a post on Truth Social that the United States does not need help from NATO or other countries to implement the escort plan.
“Fortunately, we destroyed the Iranian military,” Trump said in the post. “Thanks to the fact that we have had such military successes, we no longer ‘need’ or want the assistance of NATO countries – we never do.”
Stocks fell from their highs following the post, but oil prices rose, suggesting investors are hopeful of a coalition government.
“Investors continue to hope that a quick and relatively painless solution to the situation will be found, the latest in a long and relatively uninterrupted series of bull-buying opportunities,” said Steve Sosnick, chief strategist at Interactive Brokers. “There is also a significant degree of residual FOMO, which is why small pullbacks turn into relatively large rallies, even if the underlying reason appears to be missing.”
Oil prices have soared since the US and Israeli attacks on Iran began on concerns that a prolonged closure of the Strait of Hormuz could lead to disruptions to global energy supplies.
Wall Street is watching for further developments in the war, especially after Iranian security chief Ali Larijani was killed in an overnight airstrike. Israeli Defense Minister Israel Katz said:
“Market participants may be thinking that this is a short-term problem that is very similar to the Liberation Day tariffs imposed by the U.S. and will end if the U.S. chooses to withdraw from the military conflict,” said Christina Hooper, chief market strategist at Man Group. “I think that’s a false assumption. Tariffs are a relatively simple problem for markets because the United States can unilaterally remove them at any time if it chooses. War, unlike tariffs, cannot be turned on and off like a switch.”
