Stock Market Live March 25, 2026: S&P 500 (SPY) Roller Coaster Ride Continues

After yesterday’s dizzying moves on the market, markets are soaring this morning. All after President Trump sent Tehran a 15-point plan to end the war. The S&P 500 is up 0.75%, or by 49 points. The SPDR S&P 500 ETF (SPY) is up 0.84%, or by $5.46. The Dow is up 0.77%, or by 359 points. The Nasdaq is up 0.92%, or by 223 points. Oil is down about $4 at $88.48. Gold is up $145 at $4,547. Bitcoin is up $1,101 at $71,669.05.

As noted by Israel’s Channel 12, that includes:

• The nuclear facilities at Natanz, Isfahan, and Fordow will be taken out of use and destroyed
• Transparency and oversight by the International Atomic Energy Agency (IAEA) over activities in Iran
• Iran will abandon the use of armed proxies in the region, and stop its funding and arming of regional affiliates
• Dismantling of existing nuclear capabilities that have already been accumulated
• A commitment to never strive to achieve nuclear weapons
• No nuclear material will be enriched on Iranian soil, and all enriched material will be handed over to the IAEA
• The Strait of Hormuz will remain open and constitute a “free maritime zone.”
• Iran’s missiles will be subject to a future decision, but they would be limited in quantity and range, and only for self-defense purposes

What Iran receives under the plan:

• American assistance in developing a civilian nuclear project in Bushehr for electricity production
• Removal of all sanctions
• Removal of the threat of renewed sanctions

The problem is that Iran won’t accept the U.S. effort at a ceasefire 

As CNBC just reported, Iran will not accept the ceasefire offer.

“Iran does not accept a ceasefire,” that informed source told FARS, according to a translation of the news site’s Telegram page that reported the interview, as quoted by CNBC. “Basically, it is not logical to enter into such a process with those who violate the agreement.”

“Iranian military spokesman Lieutenant Colonel Ebrahim Zolfaghari mocked Trump over his latest remarks, suggesting the US is ‘ negotiating with yourselves,’” as quoted by Daily Mail.

That being said, it’ll be interesting to see how markets react at the open.

Market Movers: Netflix Named a Best Idea, by Baird 

Analysts at Baird just named Netflix as a best idea.

“We expect execution throughout F26 to help restore investor confidence around the underlying drivers here – including the runway for monetization, the improvements in the member experience, and the increasingly global appeal of the offering. Beyond that, we think the stock is particularly well-positioned for the current environment, given the relative insulation from macro and AI concerns,” said the firm, as quoted by CNBC.

Analysts at Citigroup reiterated a buy rating on Amazon. They also raised their price target to $285 from $65, as it projected AWS revenue growth of +28% Y/Y in 1Q26, +29% Y/Y for 2026E, accelerating to +37% Y/Y in 2027E as its partnerships with Anthropic and OpenAI ramp. 

And analysts at UBS just reiterated a buy rating on Microsoft, while lowering its price target to $510 from $600. “At 19x CY26E non-GAAP EPS, we remain Buy-rated, but acknowledge that the narrative around M365/Copilot needs to improve in order for the stock to really re-rate higher,” they added.

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