March 24 Overnight News: U.S. stocks closed higher with the Dow rising 600 points; international oil prices fell 10%; gold prices narrowed their losses; and Iran's military announced it has effectively taken control of the Strait of Hormuz.

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Markets

Closing on March 24: U.S. stocks rise, Dow up 600 points, Trump says U.S.-Iran talks have occurred

Closing on March 24: U.S. stocks rise, Dow up 600 points, Trump says U.S.-Iran talks have occurred

Most popular Chinese concept stocks rise on March 24, XPeng up 7.52%, KE Holdings down 2.93%

Trump orders a five-day pause on strikes against Iran’s energy infrastructure, oil prices drop sharply

European stock markets reverse mid-session, investors assess the possibility of easing tensions with Iran

NY gold futures drop over 3.7%, spot silver rises 2%

Macro

Confirmed! Trump: U.S.-Iran talks are “productive”; Iran: No dialogue at all

Trump delays strikes on Iran’s energy infrastructure, sets a five-day deadline for negotiations with Tehran

Progress in Trump’s Iran negotiations has been limited

Trump says he is negotiating with Iran for a broader agreement

White House: Will not confirm whether talks with Iran will occur this week

U.S. government considers Iranian Parliament Speaker as a potential negotiation partner

The U.S. Federal Communications Commission bans the import of all consumer-grade routers manufactured abroad.

U.S. officials reveal thousands of U.S. troops are scheduled to arrive in the Middle East on the 27th.

U.S. ambassador warns that if the trade deal falls through, the EU could face higher tariffs.

Iran releases before-and-after photos of a U.S. military base attack.

Iran claims to have destroyed a U.S. oil tanker recently; U.S. has not responded.

Iran states that the U.S. tried to negotiate through intermediaries, but Iran did not respond.

Iranian Parliament Speaker denies any dialogue with the U.S.

Iran’s Foreign Ministry: No negotiations with the U.S., stance on the Strait of Hormuz remains unchanged.

Commander of Iran’s Islamic Revolutionary Guard Corps Aerospace Force says fighting will continue.

Iran releases details of rounds 75-77 of retaliatory actions, claiming strikes on multiple U.S. and Israeli targets.

Iranian TV: Iran states war will not end until all sanctions are lifted.

Iranian military: Has effectively controlled the Strait of Hormuz, no need to lay mines in the Persian Gulf.

Iranian officials: Trump has no authority to set conditions or deadlines for negotiations.

Israeli Prime Minister: Israel will continue attacks on Iran and Lebanon; U.S. seeks to leverage military gains to push for an agreement.

Netanyahu: Trump intends to use military achievements in negotiations with Iran to achieve goals.

Sources: Trump approved actions against Iran after a call with Netanyahu.

Meloni admits defeat in Italy’s judicial reform referendum.

Iran conflict causes energy prices to surge; Russia delays fiscal fund adjustment plan.

Companies

Apple announces the 2026 Global Developers Conference will be held in June, previewing “major advances in AI.”

Apollo restricts redemptions from its private credit funds; redemption requests exceed 11%.

Micron Technology may see significant AI-driven price increases; demand for memory could surge over 100%.

Tesla’s chip plans could lead to capital expenditures far exceeding expectations.

Alphabet’s drone business advances to test in dense urban areas.

TGS completes a three-year offshore exploration project in the Norwegian Sea.

U.S. and Total Energy shift about $1 billion in offshore wind lease funds to oil and gas sectors.

Toyota plans to invest $1 billion to expand capacity at its Kentucky and Indiana plants.

Sony plans to sell a majority stake in its home entertainment business to TCL for about $1 billion.

Commentary

Whether U.S.-Iran negotiations are real or fake, Wall Street has already received clear signals from the five-minute rally triggered by Trump.

San Francisco Fed President Daly: The Fed needs to remain flexible in policy to respond to risks.

Commodities overview: Oil prices plummet, copper rises, gold’s decline narrows.

Castle Securities stock strategist predicts short covering will boost the S&P 500.

Thailand market sees $1.2 billion in foreign withdrawals in one day, the largest sell-off in two years.

BlackRock CEO Larry Fink warns: Do not try to time the market.

Jeff Kilberg of KKM Financial: If U.S.-Iran talks make progress, stocks could return to all-time highs.

U.S. withdraws threats against Iran, but Israel has not stopped; Wall Street remains cautious about peace prospects.

Supertankers carrying Iraqi oil signal closure through the Strait of Hormuz.

Market-driven, Trump withdraws tough threats, gaining a time window but doubts remain.

Fed’s Goolsbee: Concerned about inflation amid a risky, tense environment.

Trump’s son-in-law Kushner’s fund assets rise to $6.2 billion, backed by Middle Eastern capital.

U.S. Energy Secretary: The likelihood of releasing strategic petroleum reserves again is very low.