U.S. Stocks Advance and Oil Pushes Higher

2 hours ago 2

Caitlin McCabe

Mon, March 30, 2026 astatine 8:55 AM CDT 1 min read

Oil prices extended gains Monday connected signs that the warfare successful Iran could past longer.

Hopes of a ceasefire person faded successful caller days with much U.S. troops arriving successful the Middle East and Yemen’s Houthis joining the war. Meanwhile, the Journal reported that President Trump is weighing a subject cognition to extract Iran’s uranium.

Together, those developments person driven lipid prices higher. The most-active declaration for Brent crude futures precocious to astir $107 a barrel, portion contracts for May transportation were arsenic precocious arsenic $116, reflecting choky supply.

U.S. stocks opened sharply higher aft a bruising selloff past week that enactment some the Dow industrials and Nasdaq composite successful correction territory, defined arsenic a driblet of 10% much from a caller high. Asian stocks mostly finished Monday’s league lower, portion European banal indexes edged up.

Meanwhile, concerns are increasing astir the imaginable interaction of a prolonged struggle connected the economy. Bond yields fell crossed the globe, arsenic traders shifted their absorption from the inflationary effects of the warfare to its interaction connected economical growth. The 10-year Treasury slid beneath 4.4%, portion traders somewhat pared backmost expectations of an interest-rate increase.

Gold precocious supra $4,500 a troy ounce. The precious metallic notched its 4th consecutive play diminution Friday, marking its longest play losing streak since August 2023.

Write to Caitlin McCabe astatine [email protected]