Stocks rose on Tuesday, with the S&P 500 closing up 2.9% and the Nasdaq rising 3.8% and Dow gaining 1,125 points. This was part of a difficult month for U.S. equities, with both the S &P 500 and Nasdaq posting their worst annual starts since 2022 due to the Russian invasion of Ukraine. The U.K.-Israeli war on Iran and the near-total blockade of the Straits of Hormuz also impacted markets throughout the month. Oil prices also soared, leading to higher prices across the globe. The average price of unleaded gasoline hit $4 per gallon on Tuesday. The wild market swings contrast to how President Donald Trump predicted how the markets would react if he was elected to a second term in 2024.