Trump Extends Olive Branch to Iran, Iran Denies, S&P 500 Sees $3 Trillion Swing in One Hour

BlockBeats News, March 23rd, around 7 p.m. tonight, Trump said, "The United States and Iran have had productive discussions" in hopes of ending the Iran war. Within minutes, the S&P 500 index soared 240 points, adding $2 trillion in market value.

27 minutes later, Iran completely denied all of Trump's claims, stating there was "no contact with the United States." By 8 p.m., the S&P 500 index had dropped 120 points, evaporating $1 trillion in market value.

This means the S&P 500 index saw a $3 trillion market value swing in just 56 minutes. (The Kobeissi Letter)