Stocks rise amid optimism around US peace plan for Iran

Gains in technology supported the broader market rally.

Your Evening Briefing March 25, 2026 Stocks rise amid optimism around US peace plan for Iran The S&P 500, Nasdaq 100, and Russell 2000 all rose amid renewed hopes that the conflict in the Middle East could draw down after it was reported late Tuesday that the US sent Iran a 15-point plan to end the war. Reports that Iran would not accept the plan seemed to dampen the rally, but the market remained cautiously optimistic. Every sector finished higher except for Energy, which fell alongside oil prices, which settled at $90 a barrel on Wednesday. Moving higher: Arm Holdings soared after announcing Tuesday evening that it would create a new AI chip in partnership with Meta. Arm's CEO said it is expected to generate $15 billion in annual revenue by 2031. Nvidia, Intel, Advanced Micro Devices, ON Semiconductor, and NXP Semiconductors all got a bump from Arm's rosy revisions to its outlook. Fundrise Innovation Fund, a publicly traded venture fund that owns stakes in private companies like Anthropic, OpenAI, and SpaceX, continued to rally as the gap between the value of its stock price and its underlying assets grows. EchoStar jumped on a fresh report about the supposedly imminent IPO filing from Tesla CEO Elon Musk's commercial space behemoth, SpaceX. Shares of JetBlue spiked following a Semafor report that the airline is exploring merger partners. Cipher Digital leapt amid news that the firm signed a new data center lease and secured a $200 million revolving credit facility.  Moving lower: Memory stocks Sandisk, Micron, Seagate Technology Holdings, and Western Digital sank after Alphabet's Google Research group published details of a new algorithm known as TurboQuant. After taking a dip when the war started, fiber-optic stocks are running at light speed again One of the banner names in the space, Lumentum, just hit an all-time high, up 44% off the post-war low that happened just 19 days ago. But are investors starting to price in perfection? Read more. Sora lasted less than one Quibi OpenAI's app joins the hallowed halls of video ideas that burned bright and fast. Read more. SpaceX, which could file confidential paperwork for its IPO as soon as this week, is now aiming to raise an astounding $75 billion through its public listing. That's 50% higher than previous reports. Read more.  As Target alters its dress code, it also wants staff to buy more of its clothes The retailer's apparel and accessories sales hit their lowest point since the pandemic last year. Apple says it's bringing ads to its Maps app this summer That could be another boon for its fast-growing, high-margin Services division. As Big Tech chases enterprise AI, Meta and Apple double down on small businesses Apple and Meta are playing to their strengths in small business. Meta execs could make hundreds of millions of dollars — if the company reaches a $9 trillion valuation The new stock option program includes exercise prices of up to 6x Meta's current stock price. Retail traders sold more stocks than they bought for the first time since 2023 Monday was the first day since November 2023 where retail investors flipped to selling. Jury finds Meta and Google liable in social addiction case The closely watched case tests whether tech giants can be held liable for designing addictive features. Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!  Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more Sherwood Terms and Conditions Our Editorial Standards Contact Us Advertise With Us Unsubscribe Privacy Policy SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025