Iran War Hopes Lift Stocks as Dow Surges 1,100 Points
Strong rebound caps weakest quarter in years.
U.S. stocks surged on Tuesday as renewed optimism around a potential end to the Iran war lifted sentiment across markets. The Dow Jones Industrial Average jumped more than 1,100 points, while the S&P 500 rose 2.9% and the Nasdaq Composite gained 3.8%.
The rally was driven by reports that President Donald Trump is open to ending the conflict without fully reopening the Strait of Hormuz, alongside comments suggesting U.S. forces could begin withdrawing within weeks. Oil prices eased slightly on the news, helping support the broader market rebound.
Despite the strong session, major indexes still posted their worst quarterly performance in nearly four years. The Nasdaq, S&P 500, and Dow ended the first quarter down 7.1%, 4.6%, and 3.6%, respectively, following weeks of pressure tied to the Middle East conflict.
In commodities, WTI crude slipped to around $102 per barrel, while Brent crude traded near $104. Meanwhile, the yield on the 10-year Treasury fell below 4.30%, reflecting easing pressure in rates markets.
Within equities, gains were broad-based. Meta Platforms (META) led advances among major tech stocks, while Nvidia (NVDA) and Marvell Technology (MRVL) surged after announcing a strategic partnership. Nike (NKE) also moved higher ahead of its earnings release.
While the rebound offered some relief, markets remain sensitive to geopolitical developments and policy signals, which are likely to continue driving sentiment in the near term.
📊 Market Wrap
🧠 Analyst Notes
💬 Market Highlights
Citi Cuts Micron Price Target as DRAM Prices Decline
Citi lowered its price target on Micron (MU) to $425 from $510 following a roughly 6% decline in DDR5 16GB DRAM spot prices since the company’s March 18 earnings report. The pullback has also been influenced by Google’s TurboQuant technology, which improves AI efficiency and reduces memory usage per query. However, Citi believes the long-term impact could be supportive, as lower costs tend to drive higher overall demand for compute and memory.
To stabilize pricing, Micron and peers are negotiating long-term agreements with hyperscalers to lock in volumes and pricing mechanisms. Despite this, Micron shares have fallen about 19% since the TurboQuant announcement, with similar pressure seen across memory and storage names like Western Digital and Seagate.
Marvell Surges After Nvidia $2B Investment and Strategic AI Partnership
Marvell (MRVL) shares jumped more than 6% after Nvidia (NVDA) announced a $2 billion investment and a strategic partnership. The collaboration aims to integrate Marvell’s technology into Nvidia’s AI ecosystem, including custom AI accelerators and high-speed networking through NVLink Fusion. Nvidia will contribute its Vera CPU, networking components, and AI compute infrastructure, while both companies will also collaborate on AI-driven telecom solutions for 5G and 6G.
CEO Jensen Huang emphasized surging AI demand and the global push to build “AI factories,” with the partnership positioned to accelerate scalable AI infrastructure development.
Meta Launches Prescription-Compatible Ray-Ban Smart Glasses
Meta (META) introduced a new line of Ray-Ban smart glasses that support prescription lenses, starting at $499. The product will be available for pre-order in the U.S. and roll out more broadly in April. In addition to hardware updates, Meta is adding new software features such as live translation in 20 languages, nutrition tracking, hands-free WhatsApp summaries, and integrations with Instagram Reels and Spotify.
The company is also expanding availability to international markets including Japan, Korea, and Singapore. The move reflects Meta’s strategy to strengthen its AI-powered wearable ecosystem and drive adoption of augmented reality technologies.
📅 Earnings Watch
Geopolitical developments and oil price movements remain key variables, with markets likely to stay sensitive to any signs of de-escalation or renewed tension.
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Note: U.S. stock markets are closed on Good Friday, April 3, 2026, so Gotrade Daily will not be published on that day.
