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WSJ Minute Briefing

Stocks Rally on Hopes Iran War Is Nearing an End

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 31 March 2026

⏱️ 2 minutes

🧾️ Download transcript

Summary

The Nasdaq led the gains. Plus: McCormick shares slide following a merger announcement with Unilever. Katherine Sullivan hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

When the tax year ends on the 5th of April, valuable tax allowances may be lost simply because people left things too late.

0:08.0

Thankfully, Vanguard is here to help you make well-consider decisions, not rushed ones.

0:14.0

Their tax year-end hub is full of clear guidance, helpful tools and timely reminders to help you understand your allowances and give your investments

0:22.5

the best chance to grow. Search Vanguard investor to learn more. When investing, your capital is at risk.

0:28.5

Tax rules apply.

0:33.1

Here's your closing bell brief for Tuesday, March 31st. I'm Catherine Sullivan for the Wall Street Journal.

0:40.1

U.S. stocks surged today to reach their largest one-day gains in 10 months. The NASDAQ led the rally with a rise of 3.8%.

0:48.7

The S&P 500 jumped 2.9% while the Dow advanced 2.5%. Investors responded to reports that the current phase of

0:57.7

the war with Iran might end soon, but the trajectory of the conflict and the opening of the

1:02.6

Strait of Hormuz are far from certain. Oil prices fell today as Brent crude dropped to under $104 a barrel.

1:14.2

Among individual companies, McCormick shares slid 6% following a major merger deal. The Spicemaker agreed to combine with the food business of Unilever.

1:21.0

Unilever shares fell over 7%. Appellus Pharmaceuticals shares rose 135% after a buyout from Biogen. Biogen agreed to purchase the company for $41 a share.

1:35.3

Centessa Pharmaceuticals shares rose 44%. The move followed an announcement that Eli Lilly would buy the firm at a 38% premium.

1:46.9

And Marvel Technology shares jumped nearly 13% after announcing a new partnership. The semiconductor company will work with

1:52.4

Nvidia and received a direct investment. Heads up, an artificial intelligence tool helped us

1:57.7

make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have a lot more coverage of

2:05.1

the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart

2:10.1

speaker or listen and subscribe wherever you get your podcasts.

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