Stocks surge and oil falls on reports the Iran War could be nearing an end. The sectors and stocks seeing the biggest jumps, and how Nike is faring after reporting results. Plus the latest semi investment from Nvidia, all the M&amp;A action in the pharma space, and the massive layoff announcement from Oracle as the software maker ramps up its AI spend.<br><br>Fast Money Disclaimer<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stocks Rally On Optimism For End Of Iran War… And Apple’s Mag-7 Outperformance 3/31/26

CNBC's "Fast Money"

# Full Transcript

**Podcast:** CNBC's "Fast Money"

## Transcript

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[SPEAKER_D] Live in the Nasdaq MarketSite in the heart of New York City's Times Square, this is Fast Money. Here's what's on tap tonight. Stock markets spiking midday and Brent crude taking a steep leg lower on hopes that an end to the Iran War could come soon. Did investors get ahead of themselves or have we put in the bottom for equities? And Nike shares dropping even as the athletic wear giant scores an earnings beat. The details on those numbers and what's next on the agenda for CEO Elliott Hill. Plus Nvidia's Nvidia's $2 billion investment. Oracle plans another massive round of layoffs. And Tim's Pfizer, Karen's Pfizer too, hitting a 52-week high. Yes, 52-week high. What is driving the gains? How much more upside is left in the healthcare trade? I'm Melissa Lee, coming to you live from Studio B at the Nasdaq. On the desk tonight, Tim Seymour, Karen Feinerman, Dan Nathan, and Guy Adami. And of course, we start off with that midday surge that sent stocks to their best day since last May. The S&P 500 climbing nearly 3% after Axios reported a potential breakthrough in the war with Iran. The Dow added more than 1,100 points while the Nasdaq jumped almost 4%. Meanwhile, Brent crude fell more than 3%, though still settled above the $100 mark. Let's get to Eamon Javers, who's got the very latest on all of this. Eamon.

[SPEAKER_E] Hey there, Melissa. China and Pakistan are floating a new proposal to end the war in Iran, essentially a ceasefire in exchange for safe passage in the Strait of Hormuz. President Trump has said publicly that negotiations are ongoing. And if Iran doesn't cut a deal that he likes by April 6th, he's going to bomb civilian infrastructure such as power plants. Now, the president took to social media this morning to hurl some criticism at American allies who he argues have been insufficiently supportive of the United States. He wrote that France has been very unhelpful and he warned that the USA will remember. And he wrote of the UK, I have a suggestion for y...

Stocks Rally On Optimism For End Of Iran War… And Apple’s Mag-7 Outperformance 3/31/26

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

Stocks Rally On Optimism For End Of Iran War… And Apple’s Mag-7 Outperformance 3/31/26

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.