Bonds & Stocks
Wall Street is ending a volatile March with gains in stocks and bonds on a news report that Donald Trump had signaled willingness to end the war in Iran even if the Strait of Hormuz remains largely closed. Oil wavered. The S&P 500 rose 1.1% The yield on 10-year Treasuries declined five basis points to 4.30%.
Economy
US gasoline topped $4 a gallon for the first time since August 2022, one of the most high-profile reminders to date that even the world’s largest economy is feeling the impact of a deepening conflict in the Middle East. The nationwide average retail price for regular unleaded gasoline rose to $4.018 a gallon on Monday.
World
NASA is preparing to launch the Artemis II mission as soon as April 1, which will test the Space Launch System rocket and the Orion crew capsule. The mission will send four astronauts on a trip around the moon and back, and if successful, will help clear the way for astronauts to walk on the moon again in maybe two years' time.