Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Die beiden neuesten Aufnahmen in den Index waren Marvell Technology und Flex. Die Frage ist, welche Unternehmen als Nächstes in den Index aufgenommen werden könnten. S&P Dow Jones Indices hat eine Reihe von Kriterien, darunter Marktwert, Hauptsitz, Rentabilität und Unternehmensstruktur. Bloom Energy, Astera Labs, Alnylam Pharmaceuticals, Heico Rocket Cos und Reddit scheinen potenzielle Aufnahmen zu sein, da sie unter den größten Unternehmen nach Marktkapitalisierung fallen und die anderen Kriterien erfüllen

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Home Depot (HD) hat in den letzten zwölf Monaten einen Viertel seines Wertes verloren. Der Aktienkurs fiel von einem 52-Woche-Hoch bei etwa 427 US-Dollar auf etwa 300 US-Dollar vor dem heutigen Q1-Ertragsbericht für das Jahr 2026. Der Bericht brachte eine moderate Überraschung. Umsätze stiegen um 4,8 % auf 41,8 Milliarden US-Dollar und vergleichbare Verkäufe erzielten ein Wachstum von 0,6 %. Die Gewinne erzählten jedoch eine andere Geschichte. GAAP-Erträge pro Aktie sanken auf 3,30 US-Dollar von 3,45 US-Dollar, was wiederum bedeutet, dass es im vierten Quartal einen weiteren Druck auf die Margen gab. Das Management bestätigte seine Vorhersage für das gesamte Jahr, wonach sich der angepasste EPS um etwa 5 % verringern wird.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Analyse der ersten Quartal-13F-Meldung von Jeff Auxier im Jahr 2026. Er hat 7 Aktien hinzugefügt und seine Positionen in 38 Aktien erhöht. Die größte Reduzierung fand bei Microsoft Corp statt, was einen -0,9% Portfolio-Einfluss hatte.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +2.91%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +2.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.43%.  June E-mini S&P futures (ESM26) rose +2.88%, and June E-mini Nasdaq futures (NQM26) rose +3.42%.

Stock indexes rallied sharply on Tuesday in hopes that an end to the Iran war is near.  The Wall Street Journal reported Tuesday that President Trump signaled he was willing to end the US military campaign against Iran even if the Strait of Hormuz remains closed.  The report said Mr. Trump believes the US should wind down hostilities while pressuring Iran diplomatically to reopen the Strait.  If that fails, the US will press allies in Europe and the Gulf to take the lead on reopening the waterway.  US and Israeli forces pressed ahead with attacks on Iran on Tuesday, while Iran hit a Kuwaiti oil tanker off Dubai in a drone attack, and the UAE reported a drone attack. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks added to their gains, and crude oil prices tumbled Tuesday afternoon after Iran signaled openness to resolving the war.  Iranian President Masoud Pezeskhian said his country had the "necessary will to end this war," provided that hostilities end on all fronts and that Iran's sovereignty over the Strait of Hormuz is recognized.

Falling bond yields are also supportive of stocks, as the 10-year T-note yield dropped to a 1-week low of 4.28% on Tuesday.  Bond yields declined amid hopes that an end to the Iran war will lower energy prices, easing inflation concerns.  Stocks also found support on Tuesday after the US Mar consumer confidence index unexpectedly rose.

The US Jan S&P CaseShiller composite-20 home price index rose +1.18% y/y, weaker than expectations of +1.38% y/y and the smallest pace of increase in 2.5 years.

The US Mar MNI Chicago PMI fell -4.9 to 52.8, weaker than expectations of 55.0.

The Conference Board US Mar consumer confidence index unexpectedly rose +0.8 to 91.8, stronger than expectations of a decline to 87.9.

US Feb JOLTS job openings fell -358,000 to 6.882 million, weaker than expectations of 6.890 million.

Hawkish comments on Tuesday from Kansas City Fed President Jeff Schmid were negative for stocks, as he said he's "more focused on the risks to inflation at this time" and that he's concerned inflation will get stuck closer to 3% as the recent surge in energy prices will likely feed through to core inflation.

Signs of strength in China’s economy are supportive for global growth prospects and stocks.  The China March manufacturing PMI rose +1.4 to 50.4, better than expectations of 50.1 and the strongest pace of expansion in a year.  Also, the China March non-manufacturing PMI rose by +0.6 to 50.1, better than expectations of 49.9.

Crude oil prices (CLK26) fell from a 3-week high on Tuesday but remain supported despite President Trump signaling he is willing to end the war with Iran, as the Strait of Hormuz remains effectively closed.  The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.  Iran is also seeking to control ship transit through the Strait of Hormuz, asking vessels to provide lists of crew and cargo, along with voyage details and bills of lading if they want to travel through the waterway.  Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.

The International Energy Agency said last Monday that more than 40 energy sites across nine countries in the Middle East have been "severely or very severely" damaged, potentially prolonging disruptions to global supply chains once the war in Iran ends.

The markets are discounting a 3% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets settled mixed on Tuesday.  The Euro Stoxx 50 closed up +0.50%.  China's Shanghai Composite fell from a 1-week high and closed down -0.80%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -1.58%.

Interest Rates

June 10-year T-notes (ZNM6) on Tuesday closed up by +7.5 ticks.  The 10-year T-note yield fell -4.1 bp to 4.307%.  June T-notes rose to a 1-week high on Tuesday, and the 10-year T-note yield fell to a 1-week low of 4.283%.  T-notes moved higher on Tuesday in hopes that an end to the Iran war will lower energy prices and ease inflation concerns.  T-notes fell from their best level after the US Mar consumer confidence index unexpectedly rose and after Kansas City Fed President Jeff Schmid said he's "more focused on the risks to inflation at this time."

European government bond yields moved lower on Tuesday.  The 10-year German bund yield fell -3.1 bp to 3.004%.  The 10-year UK gilt yield fell -1.9 bp to 4.916%.

Eurozone Mar CPI rose +2.5% y/y, the most in 14 months, but below expectations of +2.6% y/y.  Mar core CPI rose +2.3% y/y, weaker than expectations of +2.4% y/y.

German Feb retail sales unexpectedly fell -0.6% m/m, weaker than expectations of a +0.3% m/m increase.

ECB Governing Council member Madis Muller said, "The ECB can't rule out changes in interest rates already in April if energy prices remain at a high level for a long time."

Swaps are discounting a 55% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The Magnificent Seven technology stocks are climbing today, helping lift the overall market.  Meta Platforms (META) closed up more than +6%, and Nvidia (NVDA) and Alphabet (GOOGL) closed up more than +5%.  Also, Tesla (TSLA) closed up more than +4%, and Amazon.com (AMZN) and Microsoft (MSFT) closed up more than +3%.  In addition, Apple (AAPL) closed up more than +2%.

Marvell Technology (MRVL) closed up more than +12% to lead gainers in the Nasdaq 100 and chip stocks after Nvidia said it is investing $2 billion in the company.  Also, ON Semiconductor (ON) closed up more than +11% to lead gainers in the S&P 500, and Sandisk (SNDK) and ARM Holdings Plc (ARM) closed up more than +10%.  In addition, Western Digital (WDC), Intel (INTC), Seagate Technology Holdings Plc (STX), and Microchip Technology (MCHP) closed up more than +7%, and KLA Corp (KLAC) and Lam Research (LRCX) closed up more than +6%.  Finally, Applied Materials (AMAT), Broadcom (AVGO), and ASML Holding NV (ASML) closed up more than +5%, and Micron Technology (MU), Analog Devices (ADI), and NXP Semiconductors NV (NXPI) closed up more than +4%.

Airline stocks surged on Tuesday as crude oil prices fell by more than -1% in hopes that an end to the Iran war is near.  United Airlines Holdings (UAL) closed up more than +8%, and Alaska Air Group (ALK) closed up more than +7%.  Also, American Airlines Group (AAL) and Delta Air Lines (DAL) closed up more than +5%, and Southwest Airlines (LUV) closed up more than +3%.

Home builders and building suppliers moved higher on Tuesday after the 10-year T-note yield fell to a 1-week low, which lowers mortgage rates and supports housing demand. Builders Firstsource (BLDR) and Toll Brothers (TOL) closed up more than +4%, and DR Horton (DHI) and Pulte Group (PHM) closed up more than +3%.  Also, Lennar (LEN) and KB Home (KBH) closed up more than +2%.

Energy producers and energy service providers moved lower on Tuesday after WTI crude oil fell from a 3-week high, dropping by more than 1%.  APA Corp (APA) and Devon Energy (DVN) closed down more than -2%, and Chevron (CVX) closed down more than -1% to lead losers in the Dow Jones Industrials. Also, Occidental Petroleum (OXY), Exxon Mobil (XOM), Phillips 66 (PSX), and Valero Energy (VLO) closed down more than -1%.

Apellis Pharmaceuticals (APLS) closed up more than +135% after being acquired by Biogen for $5.6 billion, or about $41 a share.  Biogen (BIIB) closed down more than -2% on the news.

Centessa Pharmaceuticals (CNTA) closed up more than +44% after Eli Lilly agreed to buy the company for about $7.8 billion or $38 a share, plus a further $9 a share if three milestone targets are met.

Scholar Rock (SRRK) closed up by more than +14% after it resubmitted its Biologics License Application for apitegromab, a muscle-targeted therapy for spinal muscular atrophy.

Nebius Group NV (NBIS) closed up more than +12% after saying it plans to build a 310-megawatt server facility in Finland.

Caterpillar (CAT) closed up more than +6% to lead gainers in the Dow Jones Industrials after Barclays raised its price target on the stock to $700 from $625.

FactSet Research Systems (FDS) closed up more than +6% after reporting Q2 revenue of $611 million, better than the consensus of $604.9 million, and raising its full-year revenue forecast to $2.45 billion to $2.47 billion from a previous estimate of $2.42 billion to $2.45 billion, above the consensus of $2.45 billion.

Phreesia (PHR) is down more than -26% after cutting its 2027 revenue forecast to $510 million to $520 million from a previous forecast of $545 million to $559 million, well below the consensus of $550.9 million.

Constellation Energy (CEG) closed down more than -6% to lead losers in the S&P 500 and Nasdaq 100 after forecasting 2026 adjusted operating EPS of $11 to $12.00, the midpoint below the consensus of $11.72.

McCormick & Co (MKC) closed down more than -6% after agreeing to acquire Unilever’s Food business for $15.7 billion in cash and $29.7 billion of stock.

Earnings Reports(4/1/2026)

Conagra Brands Inc (CAG), Lamb Weston Holdings Inc (LW), MSC Industrial Direct Co Inc (MSM). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

Stock Index Futures Rally on Prospect of End to Middle East Conflict, U.S. Economic Data and Fed Speak in FocusStocks Set to Open Higher as Bond Yields Fall on Fading Rate-Hike Bets, U.S. Jobs Data and Powell’s Remarks AwaitedIran, Oil Prices and Other Key Things to Watch this WeekMeta Platforms Just Cut Jobs. Does That Make META Stock a Buy, Sell, or Hold Before Q2 Starts?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +2.91%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +2.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.43%.  June E-mini S&P futures (ESM26) rose +2.88%, and June E-mini Nasdaq futures (NQM26) rose +3.42%.

Stock indexes rallied sharply on Tuesday in hopes that an end to the Iran war is near.  The Wall Street Journal reported Tuesday that President Trump signaled he was willing to end the US military campaign against Iran even if the Strait of Hormuz remains closed.  The report said Mr. Trump believes the US should wind down hostilities while pressuring Iran diplomatically to reopen the Strait.  If that fails, the US will press allies in Europe and the Gulf to take the lead on reopening the waterway.  US and Israeli forces pressed ahead with attacks on Iran on Tuesday, while Iran hit a Kuwaiti oil tanker off Dubai in a drone attack, and the UAE reported a drone attack.

More News from Barchart

Stocks Climb on Hopes for an End to Iran War Stock Index Futures Rally on Prospect of End to Middle East Conflict, U.S. Economic Data and Fed Speak in Focus Meta Platforms Just Made Entergy a Top Stock to Buy... and It Pays a 2.49% Dividend Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!

Stocks added to their gains, and crude oil prices tumbled Tuesday afternoon after Iran signaled openness to resolving the war.  Iranian President Masoud Pezeskhian said his country had the "necessary will to end this war," provided that hostilities end on all fronts and that Iran's sovereignty over the Strait of Hormuz is recognized.

Falling bond yields are also supportive of stocks, as the 10-year T-note yield dropped to a 1-week low of 4.28% on Tuesday.  Bond yields declined amid hopes that an end to the Iran war will lower energy prices, easing inflation concerns.  Stocks also found support on Tuesday after the US Mar consumer confidence index unexpectedly rose.

The US Jan S&P CaseShiller composite-20 home price index rose +1.18% y/y, weaker than expectations of +1.38% y/y and the smallest pace of increase in 2.5 years.

The US Mar MNI Chicago PMI fell -4.9 to 52.8, weaker than expectations of 55.0.

The Conference Board US Mar consumer confidence index unexpectedly rose +0.8 to 91.8, stronger than expectations of a decline to 87.9.

US Feb JOLTS job openings fell -358,000 to 6.882 million, weaker than expectations of 6.890 million.

Hawkish comments on Tuesday from Kansas City Fed President Jeff Schmid were negative for stocks, as he said he's "more focused on the risks to inflation at this time" and that he's concerned inflation will get stuck closer to 3% as the recent surge in energy prices will likely feed through to core inflation.

Story Continues

Signs of strength in China’s economy are supportive for global growth prospects and stocks.  The China March manufacturing PMI rose +1.4 to 50.4, better than expectations of 50.1 and the strongest pace of expansion in a year.  Also, the China March non-manufacturing PMI rose by +0.6 to 50.1, better than expectations of 49.9.

Crude oil prices (CLK26) fell from a 3-week high on Tuesday but remain supported despite President Trump signaling he is willing to end the war with Iran, as the Strait of Hormuz remains effectively closed.  The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.  Iran is also seeking to control ship transit through the Strait of Hormuz, asking vessels to provide lists of crew and cargo, along with voyage details and bills of lading if they want to travel through the waterway.  Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.

The International Energy Agency said last Monday that more than 40 energy sites across nine countries in the Middle East have been "severely or very severely" damaged, potentially prolonging disruptions to global supply chains once the war in Iran ends.

The markets are discounting a 3% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets settled mixed on Tuesday.  The Euro Stoxx 50 closed up +0.50%.  China's Shanghai Composite fell from a 1-week high and closed down -0.80%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -1.58%.

Interest Rates

June 10-year T-notes (ZNM6) on Tuesday closed up by +7.5 ticks.  The 10-year T-note yield fell -4.1 bp to 4.307%.  June T-notes rose to a 1-week high on Tuesday, and the 10-year T-note yield fell to a 1-week low of 4.283%.  T-notes moved higher on Tuesday in hopes that an end to the Iran war will lower energy prices and ease inflation concerns.  T-notes fell from their best level after the US Mar consumer confidence index unexpectedly rose and after Kansas City Fed President Jeff Schmid said he's "more focused on the risks to inflation at this time."

European government bond yields moved lower on Tuesday.  The 10-year German bund yield fell -3.1 bp to 3.004%.  The 10-year UK gilt yield fell -1.9 bp to 4.916%.

Eurozone Mar CPI rose +2.5% y/y, the most in 14 months, but below expectations of +2.6% y/y.  Mar core CPI rose +2.3% y/y, weaker than expectations of +2.4% y/y.

German Feb retail sales unexpectedly fell -0.6% m/m, weaker than expectations of a +0.3% m/m increase.

ECB Governing Council member Madis Muller said, "The ECB can't rule out changes in interest rates already in April if energy prices remain at a high level for a long time."

Swaps are discounting a 55% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The Magnificent Seven technology stocks are climbing today, helping lift the overall market.  Meta Platforms (META) closed up more than +6%, and Nvidia (NVDA) and Alphabet (GOOGL) closed up more than +5%.  Also, Tesla (TSLA) closed up more than +4%, and Amazon.com (AMZN) and Microsoft (MSFT) closed up more than +3%.  In addition, Apple (AAPL) closed up more than +2%.

Marvell Technology (MRVL) closed up more than +12% to lead gainers in the Nasdaq 100 and chip stocks after Nvidia said it is investing $2 billion in the company.  Also, ON Semiconductor (ON) closed up more than +11% to lead gainers in the S&P 500, and Sandisk (SNDK) and ARM Holdings Plc (ARM) closed up more than +10%.  In addition, Western Digital (WDC), Intel (INTC), Seagate Technology Holdings Plc (STX), and Microchip Technology (MCHP) closed up more than +7%, and KLA Corp (KLAC) and Lam Research (LRCX) closed up more than +6%.  Finally, Applied Materials (AMAT), Broadcom (AVGO), and ASML Holding NV (ASML) closed up more than +5%, and Micron Technology (MU), Analog Devices (ADI), and NXP Semiconductors NV (NXPI) closed up more than +4%.

Airline stocks surged on Tuesday as crude oil prices fell by more than -1% in hopes that an end to the Iran war is near.  United Airlines Holdings (UAL) closed up more than +8%, and Alaska Air Group (ALK) closed up more than +7%.  Also, American Airlines Group (AAL) and Delta Air Lines (DAL) closed up more than +5%, and Southwest Airlines (LUV) closed up more than +3%.

Home builders and building suppliers moved higher on Tuesday after the 10-year T-note yield fell to a 1-week low, which lowers mortgage rates and supports housing demand. Builders Firstsource (BLDR) and Toll Brothers (TOL) closed up more than +4%, and DR Horton (DHI) and Pulte Group (PHM) closed up more than +3%.  Also, Lennar (LEN) and KB Home (KBH) closed up more than +2%.

Energy producers and energy service providers moved lower on Tuesday after WTI crude oil fell from a 3-week high, dropping by more than 1%.  APA Corp (APA) and Devon Energy (DVN) closed down more than -2%, and Chevron (CVX) closed down more than -1% to lead losers in the Dow Jones Industrials. Also, Occidental Petroleum (OXY), Exxon Mobil (XOM), Phillips 66 (PSX), and Valero Energy (VLO) closed down more than -1%.

Apellis Pharmaceuticals (APLS) closed up more than +135% after being acquired by Biogen for $5.6 billion, or about $41 a share.  Biogen (BIIB) closed down more than -2% on the news.

Centessa Pharmaceuticals (CNTA) closed up more than +44% after Eli Lilly agreed to buy the company for about $7.8 billion or $38 a share, plus a further $9 a share if three milestone targets are met.

Scholar Rock (SRRK) closed up by more than +14% after it resubmitted its Biologics License Application for apitegromab, a muscle-targeted therapy for spinal muscular atrophy.

Nebius Group NV (NBIS) closed up more than +12% after saying it plans to build a 310-megawatt server facility in Finland.

Caterpillar (CAT) closed up more than +6% to lead gainers in the Dow Jones Industrials after Barclays raised its price target on the stock to $700 from $625.

FactSet Research Systems (FDS) closed up more than +6% after reporting Q2 revenue of $611 million, better than the consensus of $604.9 million, and raising its full-year revenue forecast to $2.45 billion to $2.47 billion from a previous estimate of $2.42 billion to $2.45 billion, above the consensus of $2.45 billion.

Phreesia (PHR) is down more than -26% after cutting its 2027 revenue forecast to $510 million to $520 million from a previous forecast of $545 million to $559 million, well below the consensus of $550.9 million.

Constellation Energy (CEG) closed down more than -6% to lead losers in the S&P 500 and Nasdaq 100 after forecasting 2026 adjusted operating EPS of $11 to $12.00, the midpoint below the consensus of $11.72.

McCormick & Co (MKC) closed down more than -6% after agreeing to acquire Unilever’s Food business for $15.7 billion in cash and $29.7 billion of stock.

Earnings Reports(4/1/2026)

Conagra Brands Inc (CAG), Lamb Weston Holdings Inc (LW), MSC Industrial Direct Co Inc (MSM).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

View Comments

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +1.02%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.10%.  June E-mini S&P futures (ESM26) are up +1.10%, and June E-mini Nasdaq futures (NQM26) are up +1.15%.

Stock indexes are moving sharply higher today after the Wall Street Journal reported that President Trump had signaled he was willing to end the US military campaign against Iran even if the Strait of Hormuz remains closed.  The report said Mr. Trump believes the US should wind down hostilities while pressuring Iran diplomatically to reopen the Strait.  If that fails, the US will press allies in Europe and the Gulf to take the lead on reopening the waterway.  US and Israeli forces pressed ahead with attacks on Iran today, while Iran hit a Kuwaiti oil tanker off Dubai in a drone attack, and the UAE reported a drone attack. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Falling bond yields are also supportive of stocks, as the 10-year T-note yield dropped to a 1-week low of 4.30% today.  Bond yields are declining amid hopes that an end to the Iran war will lower energy prices, easing inflation concerns.  Stocks also found support today after the US Mar consumer confidence index unexpectedly rose.  Stock indexes fell back from their best levels as crude prices rose more than +1% to a 3-week high.

The US Jan S&P CaseShiller composite-20 home price index rose +1.18% y/y, weaker than expectations of +1.38% y/y and the smallest pace of increase in 2.5 years.

The US Mar MNI Chicago PMI fell -4.9 to 52.8, weaker than expectations of 55.0.

The Conference Board US Mar consumer confidence index unexpectedly rose +0.8 to 91.8, stronger than expectations of a decline to 87.9.

US Feb JOLTS job openings fell -358,000 to 6.882 million, weaker than expectations of 6.890 million.

Signs of strength in China’s economy are supportive for global growth prospects and stocks.  The China March manufacturing PMI rose +1.4 to 50.4, better than expectations of 50.1 and the strongest pace of expansion in a year.  Also, the China March non-manufacturing PMI rose by +0.6 to 50.1, better than expectations of 49.9.

Crude oil prices (CLK26) rose to a 3-week high today and remain supported despite President Trump signaling he is willing to end the war with Iran, as the Strait of Hormuz remains effectively closed.  The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.  Iran is also seeking to control ship transit through the Strait of Hormuz, asking vessels to provide lists of crew and cargo, along with voyage details and bills of lading if they want to travel through the waterway.  Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.

The International Energy Agency said last Monday that more than 40 energy sites across nine countries in the Middle East have been "severely or very severely" damaged, potentially prolonging disruptions to global supply chains once the war in Iran ends.

The markets are discounting a 3% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.83%.  China's Shanghai Composite fell from a 1-week high and closed down -0.80%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -1.58%.

Interest Rates

June 10-year T-notes (ZNM6) today are up by +8 ticks.  The 10-year T-note yield is down -2.8 bp to 4.321%.  June T-notes rose to a 1-week high today, and the 10-year T-note yield fell to a 1-week low of 4.295%.  T-notes are climbing today on hopes that an end to the Iran war will lower energy prices and ease inflation concerns.  T-notes fell from their best level after the US Mar consumer confidence index unexpectedly rose.

European government bond yields are moving lower today.  The 10-year German bund yield is down -0.6 bp to 3.029%.  The 10-year UK gilt yield is down -2.0 bp to 4.914%.

Eurozone Mar CPI rose +2.5% y/y, the most in 14 months, but below expectations of +2.6% y/y.  Mar core CPI rose +2.3% y/y, weaker than expectations of +2.4% y/y.

German Feb retail sales unexpectedly fell -0.6% m/m, weaker than expectations of a +0.3% m/m increase.

ECB Governing Council member Madis Muller said, "The ECB can't rule out changes in interest rates already in April if energy prices remain at a high level for a long time."

Swaps are discounting a 50% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The Magnificent Seven technology stocks are climbing today, helping lift the overall market.  Nvidia (NVDA) and Meta Platforms (META) are up more than +3%, and Amazon.com (AMZN), Tesla (TSLA), and Alphabet (GOOGL) are up more than +2%.  In addition, Microsoft (MSFT) is up more than +1%, and Apple (AAPL) is up +0.48%.

Marvell Technology (MRVL) is up more than +8% to lead gainers in the Nasdaq 100, and chip stocks are higher after Nvidia said it is investing $2 billion in the company.  Also, ARM Holdings Plc (ARM) is up more than +6%, and Western Digital (WDC), ON Semiconductor (ON), and Sandisk (SNDK) are up more than +5%.  In addition, Seagate Technology Holdings Plc (STX) is up more than +4%, and Lam Research (LRCX), Broadcom (AVGO), Intel (INTC), and Microchip Technology (MCHP) are up more than +3%.  Finally, NXP Semiconductors NV (NXPI), KLA Corp (KLAC), Applied Materials (AMAT), and ASML Holding NV (ASML) are up more than +2%.

Home builders and building suppliers are moving higher today after the 10-year T-note yield fell to a 1-week low, which lowers mortgage rates and supports housing demand. Builders Firstsource (BLDR) and Toll Brothers (TOL) are up more than +2%.  Also, Lennar (LEN) and Pulte Group (PHM) are up more than +1%, and KB Home (KBH) is up more +0.42%, and DR Horton (DHI) is up +0.40%.

Apellis Pharmaceuticals (APLS) is up more than +136% after being acquired by Biogen for $5.6 billion, or about $41 a share.  Biogen (BIIB) is down more than -4% on the news.

Centessa Pharmaceuticals (CNTA) is up more than +44% after Eli Lilly agreed to buy the company for about $7.8 billion or $38 a share, plus a further $9 a share if three milestone targets are met.

Scholar Rock (SRRK) is up by more than +12% after it resubmitted its Biologics License Application for apitegromab, a muscle-targeted therapy for spinal muscular atrophy.

FactSet Research Systems (FDS) is up more than +7% to lead gainers in the S&P 500 after reporting Q2 revenue of $611 million, better than the consensus of $604.9 million, and raising its full-year revenue forecast to $2.45 billion to $2.47 billion from a previous estimate of $2.42 billion to $2.45 billion, above the consensus of $2.45 billion.

Nebius Group NV (NBIS) is up more than +5% after saying it plans to build a 310-megawatt server facility in Finland.

Phreesia (PHR) is down more than -26% after cutting its 2027 revenue forecast to $510 million to $520 million from a previous forecast of $545 million to $559 million, well below the consensus of $550.9 million.

Constellation Energy (CEG) is down more than -8% to lead losers in the S&P 500 and Nasdaq 100 after forecasting 2026 adjusted operating EPS of $11 to $12.00, the midpoint below the consensus of $11.72.

McCormick & Co (MKC) is down more than -6% after agreeing to acquire Unilever’s Food business for $15.7 billion in cash and $29.7 billion of stock.

Colgate-Palmolive (CL) is down more than -2% after TD Cowen downgraded the stock to hold from buy.

Earnings Reports(3/31/2026)

FactSet Research Systems Inc (FDS), McCormick & Co Inc/MD (MKC), nCino Inc (NCNO), NIKE Inc (NKE), PVH Corp (PVH), RH (RH), TD SYNNEX Corp (SNX). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

Apellis Pharma Skyrockets on Biogen Deal. Is It Too Late to Chase APLS Stock?Is GameStop Buying Best Buy? And If So, Does That Make GME Stock a Buy?Bank of America Is Betting That Billionaires Could Help Take TripAdvisor Stock 50% HigherGE Vernova Stock Outlook: Should You Buy the Dip in GEV or Wait?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +1.33%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.10%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.45%.  June E-mini S&P futures (ESM26) are up +1.48%, and June E-mini Nasdaq futures (NQM26) are up +1.59%.

Stock indexes are moving sharply higher today after the Wall Street Journal reported that President Trump had signaled he was willing to end the US military campaign against Iran even if the Strait of Hormuz remains closed.  The report said Mr. Trump believes the US should wind down hostilities while pressuring Iran diplomatically to reopen the Strait.  If that fails, the US will press allies in Europe and the Gulf to take the lead on reopening the waterway.  US and Israeli forces pressed ahead with attacks on Iran today, while Iran hit a Kuwaiti oil tanker off Dubai in a drone attack, and the UAE reported a drone attack. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Falling bond yields are also supportive of stocks, as the 10-year T-note yield dropped to a 1-week low of 4.30% today.  Bond yields are declining after WTI crude oil prices fell from a 3-week high today and are little changed, easing inflation concerns.

Signs of strength in China’s economy are supportive for global growth prospects and stocks.  The China March manufacturing PMI rose +1.4 to 50.4, better than expectations of 50.1 and the strongest pace of expansion in a year.  Also, the China March non-manufacturing PMI rose +0.6 to 50.1, better than expectations of 49.9.

Crude oil prices (CLK26) remain supported despite President Trump signaling he is willing to end the war with Iran, as the Strait of Hormuz remains effectively closed.  The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.  Iran is also seeking to control ship transit through the Strait of Hormuz, asking vessels to provide lists of crew and cargo, along with voyage details and bills of lading if they want to travel through the waterway. Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.

The International Energy Agency said last Monday that more than 40 energy sites across nine countries in the Middle East have been "severely or very severely" damaged, potentially prolonging disruptions to global supply chains once the war in Iran ends.

The markets are discounting a 3% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.60%.  China's Shanghai Composite fell from a 1-week high and closed down -0.80%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -1.58%.

Interest Rates

June 10-year T-notes (ZNM6) today are up by +10 ticks.  The 10-year T-note yield is down -4.6 bp to 4.303%.  June T-notes rose to a 1-week high today, and the 10-year T-note yield fell to a 1-week low of 4.295%.  T-notes are climbing today after WTI crude oil prices fell from a 3-week high and were little changed, easing inflation concerns.

European government bond yields are moving lower today.  The 10-year German bund yield is down -2.1 bp to 3.014%.  The 10-year UK gilt yield is down -3.9 bp to 4.895%.

Eurozone Mar CPI rose +2.5% y/y, the most in 14 months, but below expectations of +2.6% y/y.  Mar core CPI rose +2.3% y/y, weaker than expectations of +2.4% y/y.

German Feb retail sales unexpectedly fell -0.6% m/m, weaker than expectations of a +0.3% m/m increase.

ECB Governing Council member Madis Muller said, "The ECB can't rule out changes in interest rates already in April if energy prices remain at a high level for a long time."

Swaps are discounting a 50% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The Magnificent Seven technology stocks are climbing today, helping lift the overall market.  Meta Platforms (META) is up more than +3%, and Amazon.com (AMZN), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) are up more than +2%. Also, Alphabet (GOOGL) is up more than +1%, and Apple (AAPL) is up +0.81%.

Marvell Technology (MRVL) is up more than +7% to lead gainers in the Nasdaq 100, and chip stocks are higher after Nvidia said it is investing $2 billion in the company.  Also, ARM Holdings Plc (ARM) is up more than +4%, and Lam Research (LRCX) is up more than +3%. In addition, Western Digital (WDC), Seagate Technology Holdings Plc (STX), NXP Semiconductors NV (NXPI), KLA Corp (KLAC), Applied Materials (AMAT), ASML Holding NV (ASML), and Microchip Technology (MCHP) are up more than +2%.

Home builders and building suppliers are moving higher today after the 10-year T-note yield fell to a 1-week low, which lowers mortgage rates and supports housing demand. Builders Firstsource  (BLDR) and Lennar (LEN) are up more than +4%, and Toll Brothers (TOL) is up more than +2%.  Also, DR Horton (DHI), Pulte Group (PHM), and KB Home (KBH) are up more than +1%.

Apellis Pharmaceuticals (APLS) is up more than +136% after being acquired by Biogen for $5.6 billion, or about $41 a share.

Centessa Pharmaceuticals (CNTA) is up more than +45% after Eli Lilly agreed to buy the company for about $7.8 billion or $38 a share, plus a further $9 a share if three milestone targets are met.

Scholar Rock (SRRK) is up by more than +14% after it resubmitted its Biologics License Application for apitegromab, a muscle-targeted therapy for spinal muscular atrophy.

Nebius Group NV (NBIS) is up more than +7% after saying it plans to build a 310-megawatt server facility in Finland.

FactSet Research Systems (FDS) is up more than +4% after reporting Q2 revenue of $611 million, better than the consensus of $604.9 million, and raising its full-year revenue forecast to $2.45 billion to $2.47 billion from a previous estimate of $2.42 billion to $2.45 billion, above the consensus of $2.45 billion.

Phreesia (PHR) is down more than -23% after cutting its 2027 revenue forecast to $510 million to $520 million from a previous forecast of $545 million to $559 million, well below the consensus of $550.9 million.

McCormick & Co (MKC) is down more than -5% to lead losers in the S&P 500 after agreeing to acquire Unilever’s Food business for $15.7 billion in cash and $29.7 billion of stock.

Constellation Energy (CEG) is down more than -5% to lead losers in the Nasdaq 100 after forecasting 2026 adjusted operating EPS of $11 to $12.00, the midpoint below the consensus of $11.72.

Colgate-Palmolive (CL) is down more than -1% after TD Cowen downgraded the stock to hold from buy.

Earnings Reports(3/31/2026)

FactSet Research Systems Inc (FDS), McCormick & Co Inc/MD (MKC), nCino Inc (NCNO), NIKE Inc (NKE), PVH Corp (PVH), RH (RH), TD SYNNEX Corp (SNX). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

Stock Index Futures Rally on Prospect of End to Middle East Conflict, U.S. Economic Data and Fed Speak in FocusStocks Set to Open Higher as Bond Yields Fall on Fading Rate-Hike Bets, U.S. Jobs Data and Powell’s Remarks AwaitedIran, Oil Prices and Other Key Things to Watch this WeekMeta Platforms Just Cut Jobs. Does That Make META Stock a Buy, Sell, or Hold Before Q2 Starts?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) today is up +1.02%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.10%.  June E-mini S&P futures (ESM26) are up +1.10%, and June E-mini Nasdaq futures (NQM26) are up +1.15%.

Stock indexes are moving sharply higher today after the Wall Street Journal reported that President Trump had signaled he was willing to end the US military campaign against Iran even if the Strait of Hormuz remains closed.  The report said Mr. Trump believes the US should wind down hostilities while pressuring Iran diplomatically to reopen the Strait.  If that fails, the US will press allies in Europe and the Gulf to take the lead on reopening the waterway.  US and Israeli forces pressed ahead with attacks on Iran today, while Iran hit a Kuwaiti oil tanker off Dubai in a drone attack, and the UAE reported a drone attack.

More News from Barchart

Trump Says Micron Is One of the 'Hottest' Stocks. Does That Make MU a Buy Here? Stocks Set to Open Higher as Bond Yields Fall on Fading Rate-Hike Bets, U.S. Jobs Data and Powell’s Remarks Awaited Micron Stock Cools Off — Is MU Now Too Cheap to Ignore? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!

Falling bond yields are also supportive of stocks, as the 10-year T-note yield dropped to a 1-week low of 4.30% today.  Bond yields are declining amid hopes that an end to the Iran war will lower energy prices, easing inflation concerns.  Stocks also found support today after the US Mar consumer confidence index unexpectedly rose.  Stock indexes fell back from their best levels as crude prices rose more than +1% to a 3-week high.

The US Jan S&P CaseShiller composite-20 home price index rose +1.18% y/y, weaker than expectations of +1.38% y/y and the smallest pace of increase in 2.5 years.

The US Mar MNI Chicago PMI fell -4.9 to 52.8, weaker than expectations of 55.0.

The Conference Board US Mar consumer confidence index unexpectedly rose +0.8 to 91.8, stronger than expectations of a decline to 87.9.

US Feb JOLTS job openings fell -358,000 to 6.882 million, weaker than expectations of 6.890 million.

Signs of strength in China’s economy are supportive for global growth prospects and stocks.  The China March manufacturing PMI rose +1.4 to 50.4, better than expectations of 50.1 and the strongest pace of expansion in a year.  Also, the China March non-manufacturing PMI rose by +0.6 to 50.1, better than expectations of 49.9.

Story Continues

Crude oil prices (CLK26) rose to a 3-week high today and remain supported despite President Trump signaling he is willing to end the war with Iran, as the Strait of Hormuz remains effectively closed.  The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.  Iran is also seeking to control ship transit through the Strait of Hormuz, asking vessels to provide lists of crew and cargo, along with voyage details and bills of lading if they want to travel through the waterway.  Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.

The International Energy Agency said last Monday that more than 40 energy sites across nine countries in the Middle East have been "severely or very severely" damaged, potentially prolonging disruptions to global supply chains once the war in Iran ends.

The markets are discounting a 3% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.83%.  China's Shanghai Composite fell from a 1-week high and closed down -0.80%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -1.58%.

Interest Rates

June 10-year T-notes (ZNM6) today are up by +8 ticks.  The 10-year T-note yield is down -2.8 bp to 4.321%.  June T-notes rose to a 1-week high today, and the 10-year T-note yield fell to a 1-week low of 4.295%.  T-notes are climbing today on hopes that an end to the Iran war will lower energy prices and ease inflation concerns.  T-notes fell from their best level after the US Mar consumer confidence index unexpectedly rose.

European government bond yields are moving lower today.  The 10-year German bund yield is down -0.6 bp to 3.029%.  The 10-year UK gilt yield is down -2.0 bp to 4.914%.

Eurozone Mar CPI rose +2.5% y/y, the most in 14 months, but below expectations of +2.6% y/y.  Mar core CPI rose +2.3% y/y, weaker than expectations of +2.4% y/y.

German Feb retail sales unexpectedly fell -0.6% m/m, weaker than expectations of a +0.3% m/m increase.

ECB Governing Council member Madis Muller said, "The ECB can't rule out changes in interest rates already in April if energy prices remain at a high level for a long time."

Swaps are discounting a 50% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The Magnificent Seven technology stocks are climbing today, helping lift the overall market.  Nvidia (NVDA) and Meta Platforms (META) are up more than +3%, and Amazon.com (AMZN), Tesla (TSLA), and Alphabet (GOOGL) are up more than +2%.  In addition, Microsoft (MSFT) is up more than +1%, and Apple (AAPL) is up +0.48%.

Marvell Technology (MRVL) is up more than +8% to lead gainers in the Nasdaq 100, and chip stocks are higher after Nvidia said it is investing $2 billion in the company.  Also, ARM Holdings Plc (ARM) is up more than +6%, and Western Digital (WDC), ON Semiconductor (ON), and Sandisk (SNDK) are up more than +5%.  In addition, Seagate Technology Holdings Plc (STX) is up more than +4%, and Lam Research (LRCX), Broadcom (AVGO), Intel (INTC), and Microchip Technology (MCHP) are up more than +3%.  Finally, NXP Semiconductors NV (NXPI), KLA Corp (KLAC), Applied Materials (AMAT), and ASML Holding NV (ASML) are up more than +2%.

Home builders and building suppliers are moving higher today after the 10-year T-note yield fell to a 1-week low, which lowers mortgage rates and supports housing demand. Builders Firstsource (BLDR) and Toll Brothers (TOL) are up more than +2%.  Also, Lennar (LEN) and Pulte Group (PHM) are up more than +1%, and KB Home (KBH) is up more +0.42%, and DR Horton (DHI) is up +0.40%.

Apellis Pharmaceuticals (APLS) is up more than +136% after being acquired by Biogen for $5.6 billion, or about $41 a share.  Biogen (BIIB) is down more than -4% on the news.

Centessa Pharmaceuticals (CNTA) is up more than +44% after Eli Lilly agreed to buy the company for about $7.8 billion or $38 a share, plus a further $9 a share if three milestone targets are met.

Scholar Rock (SRRK) is up by more than +12% after it resubmitted its Biologics License Application for apitegromab, a muscle-targeted therapy for spinal muscular atrophy.

FactSet Research Systems (FDS) is up more than +7% to lead gainers in the S&P 500 after reporting Q2 revenue of $611 million, better than the consensus of $604.9 million, and raising its full-year revenue forecast to $2.45 billion to $2.47 billion from a previous estimate of $2.42 billion to $2.45 billion, above the consensus of $2.45 billion.

Nebius Group NV (NBIS) is up more than +5% after saying it plans to build a 310-megawatt server facility in Finland.

Phreesia (PHR) is down more than -26% after cutting its 2027 revenue forecast to $510 million to $520 million from a previous forecast of $545 million to $559 million, well below the consensus of $550.9 million.

Constellation Energy (CEG) is down more than -8% to lead losers in the S&P 500 and Nasdaq 100 after forecasting 2026 adjusted operating EPS of $11 to $12.00, the midpoint below the consensus of $11.72.

McCormick & Co (MKC) is down more than -6% after agreeing to acquire Unilever’s Food business for $15.7 billion in cash and $29.7 billion of stock.

Colgate-Palmolive (CL) is down more than -2% after TD Cowen downgraded the stock to hold from buy.

Earnings Reports(3/31/2026)

FactSet Research Systems Inc (FDS), McCormick & Co Inc/MD (MKC), nCino Inc (NCNO), NIKE Inc (NKE), PVH Corp (PVH), RH (RH), TD SYNNEX Corp (SNX).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

View Comments

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Key Takeaways

The majority of stocks have fallen since the war in Iran erupted late last month, with mining, travel, and homebuilder stocks hit particularly hard by the combination of rising oil prices and interest rates. Energy is the only sector in the S&P 500 that has risen during the conflict, but the stocks have lagged oil prices, which one expert says may leave room for more upside.

A month into the war in Iran, investors are feeling the pain.

The Nasdaq Composite entered a technical correction on Thursday, closing more than 10% off its October record high; the index has lost 7.5% of its value this month. The Dow Jones Industrial Average joined it in a correction on Friday and has fallen nearly 8% in March. The S&P 500 has declined about the same amount.

No sector’s stocks have been hit harder by the conflict than materials. Gold miners Coeur Mining (CDE) and Newmont (NEM) are down 37% and 21%, respectively, this month. Their stocks have followed the path of metals prices: Gold has fallen about 14% since the war began despite its reputation as a safe haven asset. Silver has had an even harder time, slumping nearly 25%. (For more on the effects of the war on non-stock assets, read Investopedia'scoverage here.)

Why This Is Important

Wall Street entered 2026 optimistic that, after three years of big gains, markets would continue to grind higher thanks to easing inflation and interest rates, fiscal stimulus, and strong earnings. The war in Iran, about to enter its fifth week, has thrown a wrench in the gears of the economy and threatens to derail the years-old bull market.

The Iran war has exacerbated inflation risks and dashed Wall Street’s hopes for more interest rate cuts. While at least one 2026 rate cut appeared inevitable just months ago, traders now see a nearly 50% chance the Federal Reserve raises rates before the end of the year. Higher interest rates can sap demand for gold, which offers its owners no yield, unlike bonds or dividend-paying stocks. Higher rates have also driven up the value of the dollar, denting international demand for dollar-denominated gold.

Rising interest rates are also behind the underperformance of companies most exposed to the U.S. housing market. The average rate on a 30-year mortgage has risen from about 6% at the start of the war to nearly 6.4%, an increase that threatens the long-awaited revival of a market that’s been stuck in the doldrums since 2022. Homebuilders Lennar (LEN), D.R. Horton (DHI), and PulteGroup (PHM) are all down 15% or more. Construction equipment suppliers like Builders FirstSource (BLDR) and Stanley Black & Decker (SWK) are down more than 20%.

Story Continues

The war has also been a drag on airlines and cruise operators, who likely have little option but to raise prices to offset soaring fuel costs. Shares of Carnival (CCL), Norwegian Cruise Line Holdings (NCLH), and Royal Caribbean (RCL) have fallen between 15% and 23%. Southwest Airlines (LUV) and United Airlines (UAL) are down 24% and 17%, respectively.

Consumer stocks broadly have struggled to overcome concerns that oil prices will raise costs and undercut demand as consumers adjust to higher food and gas prices. The S&P 500 consumer discretionary sector is down nearly 9% since the war began, while the staples sector has shed about 8%. Retailers like Dollar General (DG) and Dollar Tree (DLTR), whose lower-income customers spend a greater share of their income on gas than higher-income consumers, have shed about 25% and 15% of their value, respectively.

It hasn’t been all doom and gloom. The S&P 500’s energy stocks are up more than 12% since the war began, buoyed by a 45% increase in crude oil prices. Refiners like Marathon Petroleum (MPC) and Valero Energy (VLO), up a respective 27% and 24% this month, stand out as the sector’s best performers. Oil producers like Occidental Petroleum (OXY) and ConocoPhillips (COP), which benefit directly and immediately from higher prices, are also up double-digits. The sector’s laggards—if you can call them that, since they're mostly higher themselves—have been oilfield services providers like Baker Hughes (BKR) and Williams Cos. (WMB).

Stock performance within the energy sector—and relative to oil prices—may say a lot about what investors make of the war and its impact on oil supplies, according to experts. Thomas Shipp, head of equity research at LPL Financial, wrote in a note Thursday that the outperformance of crude oil relative to producers’ stocks “may point to the market not trusting the commodity move.” (That is, traders believe the spike in oil prices, and thus the benefit to the sector, will be relatively short-lived.)

Whether they’re correct hinges on the success of negotiations to wind down the conflict and reopen the Strait of Hormuz, the closure of which has deprived the world of about a fifth of its pre-war oil supply. Experts say the two sides are far apart in their demands, and the U.S. is still adding to its military build-up in the region, raising some doubts about the likelihood of a quick diplomatic solution. If oil stays higher for longer, said Shipp, that could propel sector stocks even further.

Update—March 27, 2026: This story has been updated to reflect the close of markets on Friday.

Read the original article on Investopedia

View Comments

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) on Monday closed up +1.15%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.38%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.22%.  June E-mini S&P futures (ESM26) rose +1.14%, and June E-mini Nasdaq futures (NQM26) rose +1.29%.

Stocks settled sharply higher on Monday as crude oil prices plunged more than -10% after President Trump said strikes against Iranian energy infrastructure and power plants would be postponed for five days following the start of talks with Iran to end the war.  Mr. Trump said the US held productive talks on a comprehensive resolution of hostilities in the Middle East and that the discussion would continue throughout the week. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks fell back from their best levels Monday afternoon when a statement was released from a military adviser to Iranian Supreme Leader, Mohsen Rezaee, that said the war will continue until all damages to Iran are compensated, all economic sanctions are lifted, and legal international guarantees are obtained to prevent US interference in Iran.

Global bond yields fell from their highs on Monday and turned lower, a supportive factor for stocks, on news of a possible end to the war in Iran. Bond yields had risen on concerns that soaring energy prices from the Iran war would stoke inflation.  The 10-year T-note yield fell from an 8-month high on Monday at 4.44% and fell -5 bp to 4.33%.  Also, the 10-year German Bund yield fell from a 14.75-year high of 3.08%, and the 10-year UK Gilt yield fell from a 17.75-year high of 5.12%.

Stock index futures initially fell sharply in overnight trading after President Trump gave Iran until Monday evening to reopen the Strait of Hormuz.  President Trump on Saturday issued a 48-hour ultimatum for Iran to "fully open" the Strait of Hormuz or the US will obliterate Iran’s various power stations.  The ultimatum, which expires at 7:44 p.m. Eastern time on Monday, was met with harsh rhetoric from Iran, with one senior Iranian official saying that if such an attack were to occur, the headquarters and assets of financial entities that buy US Treasury bonds are "legitimate targets" for attack. Iran also said that it would mine the “entire Persian Gulf” and block all access routes through the Strait if its power plants were attacked.

Iran carried out fresh strikes across the Persian Gulf over the weekend, with the UAE reporting drone and missile attacks on Monday.  The International Energy Agency said that more than 40 energy sites across nine countries in the Middle East have been "severely or very severely" damaged, potentially prolonging disruptions to global supply chains once the war in Iran ends.

Crude oil prices (CLK26) remain high despite attempts to boost global supplies.  The IEA on March 11 released 400 million barrels from emergency oil stockpiles and said the war against Iran is disrupting 7.5% of global oil supply, and the conflict will cut global oil supply by 8 million bpd this month.  The closure of the Strait of Hormuz, through which about a fifth of the world’s oil and natural gas flows, has choked off oil and gas flows due to Iran’s attacks on shipping in the waterway and forced Gulf producers to cut output because they can’t export from the region.  Iran has attacked about 20 vessels in the Persian Gulf and near Hormuz since the conflict began.  Goldman Sachs warns that crude prices could exceed the 2008 record high of close to $150 a barrel if flows through the Strait of Hormuz remain depressed through March.

The markets are discounting an 8% chance for a +25 bp FOMC rate hike at the April 28-29 policy meeting.

Overseas stock markets settled mixed on Monday.  The Euro Stoxx 50 recovered from a 6-month low and closed up +1.33%.  China's Shanghai Composite fell to a 6-month low and closed down -3.63%.  Japan's Nikkei Stock 225 tumbled to a 2.75-month low and closed down -3.48%.

Interest Rates

June 10-year T-notes (ZNM6) on Monday closed up by +13.5 ticks.  The 10-year T-note yield fell -5.2 bp to 4.328%.  June T-notes recovered from a 9.5-month nearest-futures low on Monday, and the 10-year T-note yield fell from an 8-month high of 4.441%.  T-notes recovered from overnight losses and moved higher today after WTI crude oil prices fell more than -10% when President Trump postponed strikes on Iranian energy infrastructure for five days, pending talks to end the war in Iran.  The 10-year breakeven inflation rate fell to a 1.5-week low of 2.311% on Monday, a supportive factor for T-notes.

T-note yields have risen sharply over the past three weeks on concern that surging energy prices from the Iran war will boost inflation and even force the Fed to tighten monetary policy.

European government bond yields gave up early gains on Monday and moved lower.  The 10-year German bund yield fell from a 14.75-year high of 3.077% and finished down -3.9 bp to 3.005%.  The 10-year UK gilt yield fell from a 17.75-year high of 5.121% and finished down -7.4 bp to 4.02-%.

The Eurozone Mar consumer confidence index fell -4.0 to a nearly 2.5-year low of -16.3, weaker than expectations of -14.2.

ECB Governing Council member Peter Kazimir said, "The ECB can do little about the inflation spike in the next few months, but if we judge that the risk of inflation remaining above our target for a prolonged period is significant, we will act with appropriate forcefulness to bring inflation back down to our target."

Swaps are discounting a 68% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The Magnificent Seven technology stocks moved higher on Monday, a supportive factor for the overall market. Tesla (TSLA) closed up more than +3%, and Amazon.com (AMZN) closed up more than +2%.  Also, Apple (AAPL), Meta Platforms (META), and Nvidia (NVDA) closed up more than +1%.  In addition, Alphabet (GOOGL) closed up +0.35%, and Microsoft (MSFT) closed up +0.30%.

Airline and cruise line stocks rallied on Monday as crude oil prices sank by more than 10%, potentially lowering fuel costs and boosting corporate profits.  Norwegian Cruise Line Holdings (NCLH) closed up more than +6%, and Carnival (CCL) and Royal Caribbean Cruises Ltd (RCL) closed up more than +5%.  Also, United Airlines Holdings (UAL) and Alaska Air Group (ALK) closed up more than +4%, and American Airlines Group (AAL) closed up more than +3%.  In addition, Delta Air Lines (DAL) and Southwest Airlines (LUV) closed up more than +2%.

Chip stocks and AI-infrastructure companies moved higher on Monday, recovering some of last week’s sharp losses.  ASML Holding NV (ASML), Broadcom (AVGO), and ARM Holdings Plc (ARM) closed up more than +3%, and Microchip Technology (MCHP), Marvell Technology (MRVL), and Lam Research (LRCX) closed up more than +2%.  Also, Applied Materials (AMAT) and NXP Semiconductors NV (NXPI) closed up more than +1%.

Home builders and building suppliers gained on Monday as the 10-year T-note yield fell -5 bp, a supportive factor for housing demand.  Builders Firstsource (BLDR), DR Horton (DHI), Toll Brothers (TOL), and KB Home (KBH) closed up more than +4%.  Also, PulteGroup (PHM), Home Depot (HD), and Lennar (LEN) closed up more than +3%.

Apogee Therapeutics (APGE) closed up more than +20% after saying data from a mid-stage trial showed its experimental therapy deepened responses in patients with moderate-to-severe atopic dermatitis.

Palantir Technologies (PLTR) closed up more than +6% to lead gainers in the Nasdaq 100 after saying its Maven artificial intelligence system will become an official program of record for the Pentagon.

Insmed (INSM) closed up more than +5% after saying its study of its Arikayce treatment in patients with lung disease met its primary and all multiplicity-controlled secondary endpoints.

Synopsys (SNPS) closed up more than +3% on news that Elliot Investment Management has made a multibillion-dollar investment in the company and plans to push for changes.

Valvoline (VVV) closed up more than +2% after Stifel upgraded the stock to buy from hold with a price target of $42.

DraftKings (DKNG) closed up more than +1% after the Wall Street Journal reported that US senators are set to introduce bipartisan legislation to ban sports bets on prediction markets.

Estee Lauder (EL) closed down more than -7% to lead losers in the S&P 500 on news that it is nearing a deal to acquire Puig Brands.

Fair Isaac Corp (FICO) closed down more than -5% after Politico reported Senator Hawley is querying the firm for its mortgage credit scoring.

Thomson Reuters (TRI) closed down more than -2% after Wells Fargo Securities downgraded the stock to equal weight from overweight.

Crown Castle (CCI) closed down more than -1% after Wells Fargo Securities downgraded the stock to equal weight from overweight.

Earnings Reports(3/24/2026)

Concentrix Corp (CNXC), Core & Main Inc (CNM), GameStop Corp (GME), Smithfield Foods Inc (SFD).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.