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Trump Shows Goodwill, Iran Denies, S&P 500 Index Fluctuates $3 Trillion in One Hour
Mars Finance News: On March 23rd, around 7 p.m., Trump stated, “The United States and Iran have had productive discussions” in hopes of ending the Iran war. Within minutes, the S&P 500 surged 240 points, adding $2 trillion in market value. 27 minutes later, Iran completely denied all of Trump’s claims and stated that there was “no contact” with the United States. By 8 p.m., the S&P 500 had fallen 120 points, losing $1 trillion in market value. This means the S&P 500’s market value fluctuated by $3 trillion in just 56 minutes. (The Kobeissi Letter)