[New York Stock Market] Trump’s ‘taco’ comment saves the market... Oil prices plunge in after-hours trading
- Input
- 2026-03-10 06:24:13
- Updated
- 2026-03-10 06:24:13
U.S. stocks managed to rebound on the 9th, local time.
Investor sentiment improved after U.S. President Donald Trump, who had been warning of a prolonged war with Iran, suddenly hinted at the possibility of an early end to the conflict.
Major Big Tech stocks turned higher, and all three key U.S. stock indexes rose in tandem.
In after-hours trading, crude oil prices slid to as low as 81 dollars per barrel.
Rebound
The three major U.S. stock indexes turned higher toward the close.
The Dow Jones Industrial Average (DJIA) climbed 239.25 points, or 0.50%, to 47,740.80, while the S&P 500 advanced 55.97 points, or 0.83%, to 6,795.99.
The Nasdaq Stock Market (NASDAQ) jumped 308.27 points, or 1.38%, to 22,965.95.
Investor sentiment stabilized significantly.
The so‐called Wall Street fear gauge, the Cboe Volatility Index (VIX) listed on the Chicago Board Options Exchange (Cboe), plunged 3.99 points, or 13.53%, to 25.50. It has yet to fall below the key psychological threshold of 20, but investor pessimism has eased rapidly.
Big Tech strength
Palantir Technologies, an artificial intelligence platform (AIP) provider that had been rallying since the outbreak of the Iran war, slipped 0.73 dollars, or 0.46%, to 156.43 dollars. Most other Big Tech names, however, reversed course and moved higher.
Nvidia Corporation surged 4.83 dollars, or 2.72%, to close at 182.65 dollars, while Alphabet Inc. jumped 8.05 dollars, or 2.70%, to finish at 306.36 dollars.
Microsoft Corporation and Amazon each added 0.11% and 0.13%, respectively, and Meta Platforms Inc. also ended the session up 0.39%.
Apple Inc. gained 2.42 dollars, or 0.94%, to 259.88 dollars, while Tesla, Inc. rose 1.95 dollars, or 0.49%, to 398.68 dollars.
Sharp drop in crude prices
International crude oil prices reversed sharply lower.
In after-hours trading, May futures for Brent Crude Oil, the global benchmark, tumbled 3.96 dollars, or 4.27%, to 88.73 dollars per barrel.
April futures for West Texas Intermediate crude oil (WTI), the U.S. benchmark, also plunged 5.82 dollars, or 6.40%, to 85.08 dollars per barrel.
During regular trading, Brent had previously soared 6.5% to 98.70 dollars per barrel, while WTI had jumped 4.3% to close at 94.77 dollars per barrel.
dympna@fnnews.com Song Kyung-jae Reporter