Markets Handle Iran Strikes Brilliantly as S&P 500 Has Biggest Intraday Recovery in 5 Months Finishing Positive for the Day
By Bryan Chai
Published on March 3, 2026.
The markets handled the aftermath of Operation Epic Fury, which saw joint U.S. and Israeli forces kill Ayatollah Ali Khamenei and much of Tehran's leadership infrastructure, positively. The Wall Street Journal reported that stocks initially fell and oil prices surged on the first day following the conflict, but a rally in energy and tech helped the S&P 500 recover its largest intraday recovery since November. The Dow Jones fell 0.1 percent and the Nasdaq added 0.4 percent. Despite these positive developments, The WSJ warned that over time, war tends to slow growth and stimulate inflation.
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