Stock market today: Dow, S&P 500, Nasdaq rise as Wall Street crosses fingers for Hormuz reopening

<h1>Stock market today: Dow, S&amp;P 500, Nasdaq rise as Wall Street crosses fingers for Hormuz reopening</h1>
<p>US stocks climbed on Monday as Wall Street weighed the likely impact of surging oil prices on the Federal Reserve's interest rate path and looked for signs of easing in the Strait of Hormuz supply disruption.</p>
<p>The Dow Jones Industrial Average (<a href="https://finance.yahoo.com/quote/%5EDJI">^DJI</a>) put on roughly 0.9% on the heels of <a href="https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-slide-to-cap-3rd-week-of-losses-as-100-oil-sparks-inflation-fears-200021158.html">another shaky week for equities</a>. Meanwhile, the S&amp;P 500 (<a href="https://finance.yahoo.com/quote/%5EGSPC">^GSPC</a>) and the tech-heavy Nasdaq Composite (<a href="https://finance.yahoo.com/quote/%5EIXIC">^IXIC</a>) moved up about 1.1% and 1.3%, respectively.</p>
<p>Wall Street is keeping a <a href="https://finance.yahoo.com/news/the-straw-that-stirs-the-drink-wall-street-weighs-impact-of-surging-oil-prices-133021522.html">close watch on developments in the Strait of Hormuz </a>as the Middle East conflict enters its third week. Several <a href="https://www.bloomberg.com/news/articles/2026-03-14/two-lpg-ships-sail-through-hormuz-on-way-to-shortage-hit-india">tankers successfully transited</a> the waterway over the weekend, injecting some hope into markets that the key <a href="https://finance.yahoo.com/news/iran-upper-hand-hormuz-pressuring-082531728.html">conduit for crude supply might reopen</a>. At the same time, President <a href="https://finance.yahoo.com/news/trump-demands-help-other-countries-001639208.html">Trump put pressure on allies</a> to join the US in breaking Iran's blockade of Hormuz, warning NATO <a href="https://finance.yahoo.com/news/donald-trump-warns-nato-faces-230557213.html">faces a "very bad future"</a> if they don't help.</p>
<p>Futures for West Texas Intermediate (<a href="https://finance.yahoo.com/quote/CL=F">CL=F</a>) and Brent (<a href="https://finance.yahoo.com/quote/BZ=F">BZ=F</a>) both topped $100 a barrel for the first time since 2022 in early trading on Monday. US benchmark WTI (<a href="https://finance.yahoo.com/quote/CL=F">CL=F</a>) pulled back to trade at around $95 at last check, down over 3%, while Brent (<a href="https://finance.yahoo.com/quote/BZ=F">BZ=F</a>) held above $102, according to Bloomberg data.</p>
<p>The impact of surging oil prices on inflation is in focus as Federal Reserve officials gather for their two-day policy meeting this week. Uncertainty around the fallout from the Iran war is seen as potentially <a href="https://finance.yahoo.com/news/oil-price-spike-likely-to-keep-rates-on-hold-but-deepen-divisions-among-fed-officials-this-week-090015969.html">deepening divisions with the central bank</a> over the path forward on interest rates, though officials are expected to <a href="https://finance.yahoo.com/news/a-critical-fed-meeting-100-oil-and-micron-earnings-what-to-watch-this-week-113002550.html">leave rates unchanged</a> on Wednesday.</p>
<p>On the corporate front, <a href="https://finance.yahoo.com/news/nvidia-gtc-2026-what-to-expect-from-nvidias-biggest-event-of-the-year-132234592.html/">Nvidia’s</a> (<a href="https://finance.yahoo.com/quote/NVDA">NVDA</a>)<a href="https://finance.yahoo.com/news/nvidia-gtc-2026-what-to-expect-from-nvidias-biggest-event-of-the-year-132234592.html/"> annual GTC event kicks off Monday</a> with a keynote speech from the AI chipmaker's CEO, Jensen Huang.</p>