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<US>DJIA Reverts Up 301 pts at Close; S&P 500, Nasdaq Up 1% as Software Stocks Leap
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The US on Monday blocked key waterways at Iranian ports and coastal areas. Subsequently, US President Donald Trump delivered a speech at the White House saying he had received a call from individuals related to Iran expressing hope to reach an agreement.

US stocks turned north following Trump's remarks, fully recouping earlier losses. The DJIA closed up 301 points, or 0.6%, at 48,218. The S&P 500 rose 69 points, or 1%, to 6,886. Techs led gains, with the Nasdaq climbing 280 points, or 1.2%, to 23,183.

Related NewsInflation Rate YoY for Mar in United States is 3.3%, higher than the previous value of 2.4%. The forecast was 3.3%.
Software stocks mushroomed. Oracle (ORCL.US) soared 12.7%, while Palantir (PLTR.US) spiked 3.3%. SanDisk (SNDK.US) jumped up nearly 12% after being included in the Nasdaq-100 Index.

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