[New York Stocks] All Three Major U.S. Indices Open Higher as U.S. Signals All-Out Offensive Against Iran

Gains Gradually Extend as Market Watches Developments
Most Top-Cap Stocks Trending Higher

Traders are conducting their work at the New York Stock Exchange (NYSE) trading floor in New York, USA. Photo by AP.

As U.S. President Donald Trump suggested that the war with Iran would soon come to an end, and the U.S. Department of Defense also signaled a full-scale offensive against Iran, international oil prices plummeted. As a result, on March 10 (local time), all three major U.S. stock indices opened higher once again.

As of 10:46 a.m. on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average was trading at 47,898.09, up 157.29 points (0.32%) from the previous session. The S&P 500 Index, which focuses on large-cap stocks, rose by 14.97 points (0.22%) to 6,810.96, while the tech-heavy Nasdaq Index climbed 88.89 points (0.39%) to 22,784.83.

The market responded to President Trump’s statement at a press conference that “the war will soon be over.” A few hours later, Secretary of Defense Pete Hegseth stated in a briefing that “the most intense airstrike today” would take place. Following these remarks, the market started with a broad rally and gradually extended its gains.

President Trump had also mentioned the previous day that the war would soon end. This, along with the drop in oil prices—which had surged close to $120 per barrel but have now fallen to the $80 range—boosted investor sentiment. Currently, West Texas Intermediate (WTI) crude oil for April 2026 delivery is trading at $87.30 per barrel, down 7.88% from the previous session.

Fiona Cincotta of City Index commented, “President Trump’s remarks prompted a significant drop in oil and energy prices, which helped ease concerns about inflationary pressures.” However, she added, “The upside will likely remain limited until hostilities in the Gulf of Mexico end and maritime shipping through the Strait of Hormuz improves.”

Fawad Razaqzada of Forex.com stated, “Traders welcomed the sharp drop in oil prices, but the geopolitical situation remains unstable, leaving the market vulnerable to further volatility. The short-term outlook for crude oil remains cautious, and with Iran ramping up offensives, additional volatility could arise.”

Most large-cap stocks are also trending higher. Nvidia is up 1.20%, Apple 0.43%, Amazon 0.65%, TSMC 0.37%, Alphabet A 0.52%, Broadcom 0.97%, and Tesla 0.92%.

Russ Mould, investment director at AJ Bell, stated in a report that last night’s developments are “unlikely to represent the final resolution of the current crisis.” Mould also noted, “All eyes are likely to be on the G7, with attention focused on whether the G7 will release emergency oil reserves to further stabilize the market.”

This content was produced with the assistance of AI translation services.