From Investor's Business Daily, Updated 09:47 PM ET March 31:
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. President Donald Trump continued to say that the U.S. will end Iran war operations soon, saying Tuesday night that he expects an exit in "two or three weeks." Trump will address the nation on Wednesday night.
The United Arab Emirates reportedly wants the U.S. to retake the Strait of Hormuz and is willing to take part in offensive military operations.
The stock market rebounded Tuesday as President Trump and top officials signaled that the Iran war could end soon, even if the Strait of Hormuz isn't open. U.S. oil prices fell, but Brent, the global benchmark, jumped.
Johnson & Johnson (JNJ) and Kiniksa Pharmaceuticals (KNSA) are among several drug and biotech names worth watching. AI infrastructure stocks GE Vernova (GEV), Vertiv (VRT) and Quanta Services (PWR) bounced off key support.
Sandisk (SNDK) reclaimed a crucial level. SolarEdge Technologies (SEDG) moved back into a buy zone but is very volatile.
GE Vernova stock is on Leaderboard. Kinikisa stock is on the IBD 50. Quanta Services is on the IBD Big Cap 20. Johnson & Johnson is Tuesday's IBD Stock Of The Day.
The video embedded in the article reviews Tuesday's market action and analyzes Kiniksa Pharmaceuticals, Quanta Services and Sandisk stock.
Dow Jones Futures Today
Dow Jones futures rose 0.1% vs. fair value. S&P 500 futures advanced 0.2%. Nasdaq 100 futures climbed 0.25%.U.S. crude oil prices rose more than 1% to $103 a barrel.
Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
Join IBD experts as they analyze leading stocks and the market on IBD Live
Iran War News
Trump told reporters late Tuesday that the U.S. will leave Iran in "two or three weeks," neither an imminent exit nor a lengthy campaign.Early Tuesday, President Trump suggested the Iran war could end soon, telling allies to "take" the Strait of Hormuz on their own. If Iran doesn't fully open the strait, forcing it open without U.S. help would be a massive undertaking.
Trump give a primetime address on the Iran war on Wednesday night, the White House said.
The United Arab Emirates is seeking to persuade the U.S. and others to open the strait by any means, and is willing to join the effort, the Wall Street Journal reported Tuesday night, citing Arab officials.
Trump has given a lot of opinions on the Strait of Hormuz. As recently as early Monday, he threatened massive attacks on Iran's power plants and utilities unless Hormuz was reopened....
....MUCH MORE
Here's the WSJ exclusive at 9:00 pm EDT:
U.A.E. Wants to Force Hormuz Open and Is Willing to Join the Fight
