Stocks Rally as Trump Postpones Military Action Against Iran, Novanta and Other Cyclical Sectors Lead the Way.
ByAinvest
Monday, Mar 23, 2026 10:55 pm ET1min read
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Stocks such as United Rentals, Atkore, Novanta, EnerSys, and UFP Industries jumped after the Trump administration postponed military action against Iran. The Dow Jones Industrial Average also rallied, with cyclical sectors like industrials benefiting from lower geopolitical risk and potential lower oil prices. These stocks have volatile price movements, but today's move indicates the market considers the news meaningful but not fundamental to the businesses.
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