Bouncing back from Friday's steep losses, the Dow, Nasdaq, and S&P 500 all logged healthy wins to kick off the final full trading week of March. Market recovery came on the back of comments from President Donald Trump, who said war-ending talks with Iran were productive, and that the U.S. "very intent on making a deal."
Trump earlier said he paused plans to attack the region's energy plants for five days, allowing crude to cool and investor sentiment to improve. Traders are also monitoring Trump's deployment of ICE agents to several U.S. airports, as the partial government shutdown continues to impact the TSA.
Gold, Oil Prices Cool Off Alongside War Pressure
Crude continued to cool off on the back of progress updates on U.S.-Iran de-escalation talks. April-dated West Texas Intermediate (WTI) crude lost over 10% to finish at $88.07 per barrel.
Gold prices lower, though the precious metal pared major losses due to U.S.-Iran developments. April-dated gold futures dropped 0.7% to finish at roughly $4,574 an ounce.
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