Travel Stocks Rally After Trump Pauses Iran Attacks -- WSJ

Dow Jones03-23

By Alexander Osipovich

President Trump's surprise announcement that the U.S. was postponing threatened attacks on Iranian power plants after "productive" talks with Tehran unleashed a rapid reshuffling in the stock market. Winners and losers included:

-- Airline stocks jumped. American Airlines, Delta Airlines and United Continental gained between 3.5% to 4.5% ahead of the opening bell.

-- Cruise lines were another winner. Carnival rose about 3.9%.

-- Tech stocks posted more modest gains. Nvidia was up about 2% in recent trading, leading the Magnificent Seven.

-- Energy stocks retreated. Occidental Petroleum fell about 2.8%.

-- Fertilizer companies tumbled. CF Industries was down 4.7% in premarket trading. Its shares had benefited in recent weeks from the cutoff in Middle East exports of nitrogen fertilizers.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 23, 2026 07:55 ET (11:55 GMT)

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