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

In Texas befinden sich jetzt die meisten Unternehmen der Fortune 500, wodurch Kalifornien als Hauptstadt dieser Unternehmensgruppe abgelöst wurde. Die 57 texanischen Unternehmen der Fortune 500 erzielten im letzten Jahr einen Umsatz von etwa 2,8 Billionen US-Dollar, während Kalifornien mit 56 Unternehmen und einem Umsatz von etwa 2,7 Billionen US-Dollar auf dem zweiten Platz liegt.

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

Toronto, Ontario--(Newsfile Corp. - 27. Mai 2026) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ('Happy Belly' oder die 'Gesellschaft'), ein führender Konsolidator von aufstrebenden Restaurantmarken, freut sich, bekannt zu geben, dass sie eine mehrjährige, exklusive nationale Vereinbarung mit Uber Eats, der Foodlieferplattform von Uber Technologies (NYSE: UBER), geschlossen hat, um Happy Belly's wachsendes Portfolio an korporativen und franchisierten Restaurantstandorten in Kanada zu unterstützen.

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

Sysco (SYY) just made its biggest bet in years. On March 30, the largest U.S. foodservice distributor announced a $29.1 billion acquisition of Jetro Restaurant Depot, propelling it into the high-margin cash-and-carry channel serving smaller independent operators.

The deal instantly boosts Sysco’s scale but has triggered a sharp selloff. SYY stock plunged 15% intraday on March 30, marking the largest single-day percentage decline since the March 2020 Covid-19 crash.

More News from Barchart

Apple Just Turned 50 Years Old. Is the AAPL Stock Cake Stale or Sweet? AMAT, LRCX: Bank of America Is Still Pounding the Table on These 2 Chip Stocks The Iran War Thrust Aluminum Prices Into the Spotlight, but Is There a Long-Term Bull Case for Rio Tinto Stock? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!

Investors are focused on the downsides — $21 billion in new debt that will push leverage up from 2.9 times to roughly 4.5 times, 91.5 million new shares diluting owners by 19.1%, the sudden end to Sysco's big buyback program, and S&P Global cutting the credit outlook to Negative. At the same time, Sysco still offers a solid annualized dividend of $2.16 per share, yielding around 3% at current prices, backed by 55-straight years of increases as a Dividend King.

Wall Street is nervous about all the debt and the risks of making this deal work. But with that steady payout, the big question is whether Sysco's reliable dividend can sweeten what looks like a high-stakes gamble. Let’s take a closer look.

Sysco Overview and Market Position

Headquartered in Houston, Texas, Sysco is the world’s largest food‑away‑from‑home distributor, selling and delivering food and related products to about 730,000 customer locations across restaurants, healthcare, education, lodging, and other institutional channels.

SYY stock trades near $72, down sharply from the 52-week high of $91.85. Shares are down about 2% year-to-date (YTD) and down 4% for the past 12 months. The stock has experienced significant volatility recently, with a 13% five-day decline largely attributable to the acquisition announcement, which sent shares reeling from a pre-deal close of $81.80.www.barchart.com

SYY stock carries a forward price-to-earnings (P/E) ratio of 15 times, with a market capitalization of roughly $34.1 billion.

Sysco's second-quarter fiscal 2026 results showed sales of $20.8 billion, reflecting 3% year-over-year (YOY) growth. U.S. Foodservice volume grew 0.8% overall and 1.2% locally, marking the third consecutive quarter of positive local case growth. Gross profit rose 3.9% to $3.8 billion, with margins expanding 15 basis points to 18.3%. Adjusted operating income increased 3.1% to $807 million, while adjusted net earnings grew 3.9% to $476 million. Adjusted EPS came in at $0.99, climbing 6.5% YOY, while adjusted EBITDA rose 3.3% to $1 billion.

Story Continues

Sysco ended the quarter with $1.2 billion of cash and total liquidity of about $2.9 billion. Net debt to adjusted EBITDA stood at around 2.9 times, consistent with an investment‑grade balance sheet before the Jetro deal.

CEO Kevin Hourican highlighted “strong results […] driven by increased local case growth” and momentum from key initiatives while CFO Kenny Cheung emphasized “high-quality performance across the income statement and cash flow.” The company's figures underscore operational discipline even as the market digests Sysco's transformative acquisition.

Sysco’s Growth Strategy and Strategic Developments

Sysco's move to acquire Jetro Restaurant Depot for $29.1 billion marks a major expansion into the high-margin, resilient cash-and-carry segment. The deal includes $21.6 billion in cash and 91.5 million shares of SYY stock issued to Jetro shareholders. Based on the stock’s $81.80 closing price on March 27, that values Jetro at about 14.6 times its operating income, or 13 times once counting the expected savings.

To pay for it, Sysco is borrowing roughly $21 billion in new debt and using about $1 billion from cash or other sources. That will push its leverage higher for a bit, so mangement is pausing share buybacks while they focus on paying down the debt.

Jetro, which serves a $60 billion to $70 billion market, will run as its own segment within Sysco. Management expects about $250 million in yearly cost savings within three years, mostly from better purchasing and supply‑chain efficiencies. Mangement also believes the deal should add mid‑ to high‑single‑digit percentage growth to EPS in the first year and ramp to low‑ to mid‑teens in the second year.

As for the dividend, Sysco isn’t touching it. The company just declared the next quarterly payment, keeping the annual payout at $2.16 per share, translating to a yield of roughly 3%. The next payment is due April 24, 2026, to shareholders of record on April 2, 2026. With a payout ratio of 45.73% and 55 consecutive years of increases, the dividend will remain rock-solid even through this big acquisition.

What Do Analysts Think of Sysco Stock?

Sysco just reaffirmed fiscal 2026 adjusted EPS guidance, keeping earnings at the high end of $4.50 to $4.60 per share. Management is counting on at least 2.5% local sales growth in the second half of the year, plus the usual push from day-to-day operations.

For the current quarter, analysts are looking for about $0.95 per share. That’s pretty close to the $0.99 earned in the most recent quarter.

Based on 17 analysts with coverage, SYY stock has a “Moderate Buy" consensus rating. The average price target of $90.78 points to potential upside of roughly 26% from current levels.www.barchart.com

Conclusion

Sysco is paying full price for Jetro and borrowing a ton of money to make it happen, especially with interest rates still high. That’s exactly why SYY stock tanked right after the news. But the main business is still growing at a decent pace. Sysco throws off strong free cash flow, and it keeps paying a solid dividend that has been raised for more than 50 years.

I expect the stock to calm down and slowly head higher over the next six to 12 months as the cost savings start showing up and that dividend keeps compounding. Sysco looks like a good buy right now for income investors who are okay with this big move.

On the date of publication, Ebube Jones 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!

June S&P 500 E-Mini futures (ESM26) are up +1.02%, andJune Nasdaq 100 E-Mini futures (NQM26) are up +0.94% this morning as sentiment got a boost after President Trump reportedly told aides he was willing to end the U.S. military campaign against Iran.

The Wall Street Journal reported that President Trump told aides he is willing to end the U.S. military campaign against Iran even if the Strait of Hormuz remains largely closed. In recent days, President Trump and his aides assessed that a mission to reopen the waterway would extend the conflict beyond his four- to six-week timeline, the report said. Trump told aides that the U.S. should achieve its primary objectives of crippling Iran’s navy and missile arsenal while applying diplomatic pressure on Tehran to resume the free flow of trade. Treasury yields fell following the WSJ report, with the benchmark 10-year yield dropping five basis points to 4.31%.

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? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!

Deutsche Bank said the report “raised hopes that the current phase of the conflict will wind down soon, and we’ve seen a clear market reaction in response.”

The price of WTI crude was little changed on Tuesday. The WSJ said that the U.S. conducted a massive strike on a large ammunition depot in the Iranian city of Isfahan on Monday night. Meantime, an Iranian drone struck a fully loaded Kuwaiti oil tanker off Dubai early on Tuesday in one of the most significant vessel attacks during the month of the conflict.

Investors are also awaiting a fresh batch of U.S. economic data, comments from Federal Reserve officials, and an earnings report from sportswear giant Nike.

In yesterday’s trading session, Wall Street’s main stock indexes ended mixed. Chip and AI-infrastructure stocks tumbled, with Micron Technology (MU) sinking over -9% to lead losers in the Nasdaq 100 and Marvell Technology (MRVL) plunging more than -7%. Also, Sysco Corp. (SYY) cratered over -15% and was the top percentage loser on the S&P 500 after agreeing to acquire Jetro Restaurant Depot for $29.1 billion, including debt. In addition, Boston Scientific (BSX) slumped more than -9% after the company reported mixed data for its Watchman heart implant. On the bullish side, software stocks advanced, with ServiceNow (NOW) climbing over +5% to lead gainers in the S&P 500 and Workday (WDAY) rising more than +3%.

Story Continues

Fed Chair Jerome Powell said on Monday that longer-term inflation expectations seem to be in check, but that the central bank is closely monitoring them as it evaluates the impact of the Middle East conflict. Inflation expectations appear to be “well anchored beyond the short term,” Powell said. He added that policymakers might need to respond to the fallout from the conflict, but that the time has not yet come.

“Fed Chair Powell’s calm tone, along with overdue market focus on the growth risks from higher-for-longer oil are helping to fuel a turn in rates pricing,” said Krishna Guha at Evercore. “The probability of one or more cuts is much higher than the probability of a hike.”

Meanwhile, U.S. rate futures have priced in a 97.4% chance of no rate change and a 2.6% chance of a 25 basis point rate hike at the April FOMC meeting.

Today, investors will focus on U.S. JOLTs Job Openings figures, set to be released in a couple of hours. Economists, on average, forecast that February JOLTs Job Openings will arrive at 6.890 million, compared to the January figure of 6.946 million.

The U.S. Conference Board’s Consumer Confidence Index will also be closely monitored today. Economists anticipate that the March figure will stand at 87.8, compared to 91.2 in February.

The U.S. S&P/CS HPI Composite - 20 n.s.a. will be released today. Economists expect the January figure to rise +1.4% y/y, unchanged from December.

The U.S. Chicago PMI will be released today as well. Economists forecast the March figure at 54.8, compared to the previous value of 57.7.

In addition, market participants will parse comments today from Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Michael Barr, Chicago Fed President Austan Goolsbee, and Kansas City Fed President Jeff Schmid.

On the earnings front, notable companies such as Nike (NKE), McCormick & Co. (MKC), and PVH Corp. (PVH) are set to report their quarterly figures today.

In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.31%, down -1.15%.

The Euro Stoxx 50 Index is up +0.58% this morning as tentative hopes for a resolution to the Middle East conflict boosted sentiment. Financial and mining stocks led the gains on Tuesday. Software stocks also climbed. At the same time, semiconductor stocks continued to slide. The benchmark index is on track for its largest monthly decline since 2020. Preliminary data from Eurostat released on Tuesday showed that the Eurozone’s annual inflation rate rose at its fastest pace in more than a year in March as the Middle East conflict drove energy prices higher, a move that, if sustained, could prompt the European Central Bank to raise interest rates. Separately, data showed that Germany’s unemployment rate remained unchanged in March, but the impact of the Middle East conflict is likely to increasingly weigh on the labor market outlook. Meanwhile, Reuters reported on Tuesday that Germany’s leading economic institutes lowered their growth forecasts for this year and next while significantly raising their inflation projections in response to the Middle East conflict. In corporate news, UBS Group AG (UBSG.Z.IX) rose over +3% after the Financial Times reported that Swiss lawmakers had assured the bank they would relax rules, enabling it to raise its capital requirement by $22 billion.

U.K. GDP, Germany’s Retail Sales, Germany’s Unemployment Change, Germany’s Unemployment Rate, Eurozone’s CPI (preliminary), and Eurozone’s Core CPI (preliminary) data were released today.

U.K. GDP has been reported at +0.1% q/q and +1.0% y/y in the fourth quarter, in line with expectations.

The German February Retail Sales fell -0.6% m/m and rose +0.7% y/y, weaker than expectations of +0.3% m/m and +1.0% y/y.

The German March Unemployment Change stood at 0K, stronger than expectations of 2K.

The German March Unemployment Rate was 6.3%, in line with expectations.

Eurozone’s March CPI rose +2.5% y/y, weaker than expectations of +2.6% y/y.

Eurozone’s March Core CPI rose +2.3% y/y, weaker than expectations of +2.4% y/y.

Asian stock markets today settled in the red. China’s Shanghai Composite Index (SHCOMP) closed down -0.80%, and Japan’s Nikkei 225 Stock Index (NIK) closed down -1.58%.

China’s Shanghai Composite Index closed lower today as upbeat PMI data from the country failed to offset investor worries about the Middle East conflict. Coal and semiconductor stocks underperformed on Tuesday. The benchmark index notched its steepest monthly decline since January 2022. Still, Chinese equities fared better than global peers in the Iran-driven rout, with their outperformance the strongest since August 2025. An official survey released on Tuesday showed that China’s factory activity returned to expansion in March, partly due to seasonal factors, but as the Middle East conflict heightens supply shock risks, businesses are beginning to feel the strain. China’s non-manufacturing PMI, which covers both services and construction activity, also returned to expansion territory this month. ANZ Research economists said the PMI data support the view that first-quarter GDP growth will likely surpass 4.5%. In other news, Chinese officials are stepping up efforts to tax offshore trusts holding shares in certain Hong Kong-listed companies, tightening scrutiny on a structure the country’s ultra-wealthy have used to invest billions of dollars overseas. In corporate news, J&T Global Express jumped over +11% in Hong Kong after the logistics firm reported strong second-half and full-year results.

The Chinese March Manufacturing PMI came in at 50.4, stronger than expectations of 50.1.

The Chinese March Non-Manufacturing PMI arrived at 50.1, stronger than expectations of 49.9.

Japan’s Nikkei 225 Stock Index closed lower today as a report that President Trump was willing to end the war with Iran failed to boost risk sentiment. Energy, industrial, and technology stocks led the declines on Tuesday. The benchmark index posted its largest monthly decline since the 2008 global financial crisis. Japan is among the most exposed major economies to the fallout of Middle East tensions, with over 90% of its oil imports sourced from the region. Government data released on Tuesday showed that annual core inflation in Tokyo eased to a nearly two-year low in March and remained below the Bank of Japan’s target for a second consecutive month, as fuel subsidies offset rising raw material costs driven by a weak yen. However, analysts expect the slowdown to be temporary as surging oil prices stemming from the Middle East conflict, along with higher import costs from the weak yen, intensify inflationary pressures and prompt the BOJ to raise interest rates further. Separate data showed that Japan’s retail sales unexpectedly fell in February from a year earlier, highlighting the fragile nature of the country’s recovery even before the Middle East conflict erupted. In addition, data showed that Japan’s monthly industrial production fell in February, a pullback from the pre-holiday demand boost seen in the previous month. Meanwhile, Japanese Finance Minister Satsuki Katayama warned on Tuesday that the government was ready to respond “on all fronts” to market volatility as speculative moves were observed in the currency market as well as in the crude oil futures market. Investor attention for the remainder of the week is on the BOJ’s quarterly Tankan survey of business sentiment. Daiwa Institute of Research economist Kanako Nakamura expects sentiment among manufacturers to improve in the first quarter, supported by a weaker yen and robust chip demand, though the outlook remains uncertain amid the Middle East conflict. The Nikkei Volatility Index, which takes into account the implied volatility of Nikkei 225 options, closed down -2.75% to 48.09.

The Japanese March Tokyo Core CPI rose +1.7% y/y, weaker than expectations of +1.8% y/y.

The Japanese February Industrial Production (preliminary) fell -2.1% m/m, in line with expectations.

The Japanese February Retail Sales unexpectedly fell -0.2% y/y, weaker than expectations of +0.9% y/y.

The Japanese February Unemployment Rate was 2.6%, stronger than expectations of 2.7%.

Pre-Market U.S. Stock Movers

The Magnificent Seven stocks rose in pre-market trading, with Meta Platforms (META) and Microsoft (MSFT) gaining over +1%.

Chip stocks advanced in pre-market trading, rebounding slightly from yesterday’s sell-off. Marvell Technology (MRVL), Advanced Micro Devices (AMD), and Intel (INTC) were up more than +1%.

McCormick & Co. (MKC) climbed over +4% in pre-market trading after the spice maker posted stronger-than-expected Q1 results. Also, Unilever said it was in advanced discussions to merge its foods business with the company.

Centessa Pharmaceuticals (CNTA) popped more than +46% in pre-market trading after Eli Lilly agreed to acquire the company in a deal worth up to about $7.8 billion, or $47 a share.

Colgate-Palmolive (CL) fell nearly -1% in pre-market trading after TD Cowen downgraded the stock to Hold from Buy.

You can see more pre-market stock movers here

Today’s U.S. Earnings Spotlight: Tuesday - March 31st

NIKE, Inc. (NKE), McCormick & Company (MKC), TD SYNNEX (SNX), FactSet Research Systems (FDS), PVH Corp. (PVH), RH (RH), Hotel101 Global Holdings (HBNB), nCino (NCNO), SEALSQ (LAES), Nano Dimension (NNDM), Dave & Buster’s Entertainment (PLAY), Hennessy Capital Investment Corp. VII (HVII), BRC Group Holdings (RILY), Taylor Devices (TAYD), Stellar V Capital (SVCC), J.Jill (JILL), CitroTech (CITR).

On the date of publication, Oleksandr Pylypenko 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!

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.

The Morning Bull - US Market Morning Update Tuesday, Mar, 31 2026

US stock futures are pointing higher this morning, with E mini S&P 500 contracts up about 0.8% and Nasdaq 100 futures showing a similar gain. The backdrop is a sharp rise in government borrowing costs across Europe, where 10 year bond yields in the UK and Italy have jumped as investors worry that the Iran conflict and higher oil prices could keep inflation alive. At the same time, US 10 year yields have eased to around 4.32% after cautious comments from the Federal Reserve chair. The tension for investors is clear: do rate sensitive areas like banks, real estate and smaller stocks benefit more from calmer US yields, or does the bond shock in Europe and energy pressure keep defensive sectors such as utilities in focus?

Worried about rate shocks and inflation staying sticky? Focus on 62 resilient stocks with low risk scores before volatility widens further.

Top Movers

United Therapeutics (UTHR) jumped 12.53% after its TETON 1 IPF study met the primary efficacy endpoint. ServiceNow (NOW) gained 5.59% alongside strength in software names focused on enterprise workflow automation. Insmed (INSM) rose 5.52% after an upgrade at Morgan Stanley and a recent price target increase.

Is Insmed still a smart investment or just hype? Read our most popular narrative and get all the answers you need.UTHR 1-Year Stock Price Chart

Top Losers

Sysco (SYY) declined 15.28% after agreeing to acquire Jetro Restaurant Depot for about US$29b. Fabrinet (FN) declined 10.89%. Astera Labs (ALAB) declined 10.85%.

Look past the noise - uncover the top narrative that explains what truly matters for Sysco's long-term success.SYY 1-Year Stock Price Chart

On The Radar

Earnings from a major consumer brand and shifting global bond markets will share the spotlight over the next few sessions.

Consumer bellwether:NIKE (NKE) reports Q3 results on Tuesday, providing a clear view of global discretionary demand. Global rates check: Surging UK and euro area 10 year yields continue to influence valuations and sector preferences through Thursday. US data pulse: March consumer confidence and JOLTS on Tuesday offer a closer look at demand and labor market tightness. Policy tone: Recent Fed chair comments, together with firm overseas yields, frame the debate on the duration of restrictive policy.

Use our Portfolio or Watchlist features to track market-moving events like these and get alerts for the companies you own, free!

Build Your Perfect Portfolio

When headlines feel noisy and short term, it helps to focus on quality that can hold up when conditions change quickly, and the clock is already ticking to get familiar with the solid balance sheet and fundamentals stocks screener (39 results). These companies pair sturdier balance sheets with fundamentals your future self may thank you for taking seriously today.

Story Continues

Ready to take control of your next move? Our stock screener lets you run custom searches that fit your style and set timely alerts so you never miss fresh opportunities as they appear.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.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 ($SPX) (SPY) on Monday closed down -0.39%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.78%.  June E-mini S&P futures (ESM26) fell -0.43%, and June E-mini Nasdaq futures (NQM26) fell -0.88%.

Stock indexes gave up an early advance on Monday and settled mixed, with the S&P 500 posting a 7.5-month low and the Nasdaq 100 posting a 7.75-month low.  Concerns that a protracted war in the Middle East will derail economic growth weighed on stocks on Monday, along with a sell-off in chip stocks.  Strength in software stocks kept the Dow Jones Industrial Average in positive territory. Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stock indexes initially moved higher on Monday as a decline in bond yields sparked some short covering.  The 10-year T-note yield fell by -8 bp on Monday to 4.34%, amid fears that the war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  T-note yields also moved lower on Monday after Fed Chair Powell said inflation expectations are well anchored and that the FOMC will meet its 2% inflation goal. He added, "It's too soon to know what the economic effects will be" from the Iran war.

The US Mar Dallas Fed manufacturing activity survey fell by -0.4 to -0.2, weaker than expectations of an increase to 2.0.

US and Israeli forces pressed ahead with attacks on Iran on Monday, while the UAE issued multiple alerts and Saudi Arabia and Kuwait reported numerous strikes by Iranian drones and missiles as the war in Iran entered its fifth week.  The Washington Post on Monday said the Pentagon is preparing for weeks of ground operations in Iran, as about 3,500 sailors and Marines have arrived in the Middle East.  President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and could seize the export hub of Kharg Island, which would involve US ground troops and mark a major escalation of the conflict.

Crude oil prices (CLK26) rose more than +3% on Monday to a 3-week high.  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 Monday.  The Euro Stoxx 50 closed up +0.65%.  China's Shanghai Composite closed up +0.24%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -2.79%.

Interest Rates

June 10-year T-notes (ZNM6) on Monday closed up by +21 ticks.  The 10-year T-note yield fell -8.4 bp to 4.344%.  June T-notes rallied on Monday amid speculation that the ongoing war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  Also, sliding inflation expectations are supportive of T-notes after the 10-year breakeven inflation rate fell to a 3-week low of 2.295% on Monday.  T-notes added to their gains on Monday when Fed Chair Powell said inflation expectations are well anchored and the FOMC will reach its 2% inflation goals.

European government bond yields moved lower on Monday.  The 10-year German bund yield fell -5.9 bp to 3.035%.  The 10-year UK gilt yield fell -4.0 bp to 4.935%.

The Eurozone Mar economic sentiment index fell -1.6 to a 6-month low of 96.6, weaker than expectations of 96.7.

German Mar CPI (EU harmonized) rose +1.2% m/m and +2.8% y/y, right on expectations, with the +2.8% y/y gain the largest year-on-year increase in two years.

Swaps are discounting a 52% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The weakness in chipmakers and AI infrastructure stocks weighed on the broader market.  Micron Technology (MU) closed down more than -9% to lead losers in the Nasdaq 100, and Western Digital (WDC) closed down more than -8%.  Also, Marvell Technology (MRVL) and Sandisk (SNDK) closed down more than -7%, and Lam Research (LRCX) closed down more than -5%.  In addition, Seagate Technology Holdings Plc (STX), KLA Corp (KLAC), Applied Materials (AMAT), and Intel (INTC) closed down more than -4%, and ASML Holding NV (ASML), Advanced Micro Devices (AMD), and Microchip Technology (MCHP) closed down more than -3%.

Optical stocks retreated on Monday.  Applied Optoelectronics (AAOI) closed down more than -13%, and Coherent (COHR) closed down more than -9%.  Also, Credo Technology Group Holdings Ltd (CRDO) closed down more than -7%, Lumentum Holdings (LITE) closed down more than -6%, and Corning (GLW) closed down more than -5%.

Software stocks rebounded on Monday following last Friday’s plunge.  ServiceNow (NOW) closed up more than +5% to lead gainers in the S&P 500, and Salesforce (CRM) closed up more than +3% to lead gainers in the Dow Jones Industrials.   Also, Workday (WDAY) and Intuit (INTU) closed up more than +3%, and Atlassian (TEAM), Adobe (ADBE), and Autodesk (ADSK) closed up more than +2%.

Cybersecurity stocks moved higher on Monday, recovering some of last Friday’s slide.  Palo Alto Networks (PANW) closed up more than +4%, and Okta (OKTA) and Zscaler (ZS) closed up more than +3%.  Also, CrowdStrike Holdings (CRWD) closed up more than +2% and Fortinet (FTNT) closed up more than +1%.

Aluminum stocks rallied on Monday following Iran’s attacks on Middle Eastern aluminum facilities.  Alcoa (AA) closed up more than +8%, and Century Aluminum (CENX) closed up more than +7%.

Viridian Therapeutics (VRDN) closed down more than -32% after giving efficacy data from a late-stage trial of its experimental therapy for thyroid eye disease of 36%/45% placebo-adjusted proptosis response, well below expectations of 50%+.

Sysco (SYY) closed down more than -15% to lead losers in the S&P 500 after agreeing to buy Jetro Restaurant Depot LLC for $29.1 billion, including debt.

Boston Scientific (BSX) closed down more than -9% after Raymond James downgraded the stock to outperform from strong buy.

United Therapeutics (UTHR) closed up more than +12% after announcing that its study of Tyvasco to treat idiopathic fibrosis met its primary endpoint, demonstrating superiority over placebo.

Insmed Inc. (INSM) closed up more than +5% to lead gainers in the Nasdaq 100 after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $212.

TKO Group Holdings (TKO) closed up more than +3% after Citizens Financial Group initiated coverage on the stock with a recommendation of market outperform and a price target of $240.

Biogen (BIIB) closed up more than +2% after the FDA approved a high-dose version of its Spinraza drug for spinal muscular atrophy,

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

1 Trade to Make Now to Position for a Prolonged Iran WarStocks 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 WeekSony PS5 Price Hikes: Why Raised Prices Could Signal a Red Flag for the Global Economy

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 ($SPX) (SPY) on Monday closed down -0.39%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.78%.  June E-mini S&P futures (ESM26) fell -0.43%, and June E-mini Nasdaq futures (NQM26) fell -0.88%.

Stock indexes gave up an early advance on Monday and settled mixed, with the S&P 500 posting a 7.5-month low and the Nasdaq 100 posting a 7.75-month low.  Concerns that a protracted war in the Middle East will derail economic growth weighed on stocks on Monday, along with a sell-off in chip stocks.  Strength in software stocks kept the Dow Jones Industrial Average in positive territory.

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!

Stock indexes initially moved higher on Monday as a decline in bond yields sparked some short covering.  The 10-year T-note yield fell by -8 bp on Monday to 4.34%, amid fears that the war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  T-note yields also moved lower on Monday after Fed Chair Powell said inflation expectations are well anchored and that the FOMC will meet its 2% inflation goal. He added, "It's too soon to know what the economic effects will be" from the Iran war.

The US Mar Dallas Fed manufacturing activity survey fell by -0.4 to -0.2, weaker than expectations of an increase to 2.0.

US and Israeli forces pressed ahead with attacks on Iran on Monday, while the UAE issued multiple alerts and Saudi Arabia and Kuwait reported numerous strikes by Iranian drones and missiles as the war in Iran entered its fifth week.  The Washington Post on Monday said the Pentagon is preparing for weeks of ground operations in Iran, as about 3,500 sailors and Marines have arrived in the Middle East.  President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and could seize the export hub of Kharg Island, which would involve US ground troops and mark a major escalation of the conflict.

Crude oil prices (CLK26) rose more than +3% on Monday to a 3-week high.  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.

Story Continues

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 Monday.  The Euro Stoxx 50 closed up +0.65%.  China's Shanghai Composite closed up +0.24%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -2.79%.

Interest Rates

June 10-year T-notes (ZNM6) on Monday closed up by +21 ticks.  The 10-year T-note yield fell -8.4 bp to 4.344%.  June T-notes rallied on Monday amid speculation that the ongoing war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  Also, sliding inflation expectations are supportive of T-notes after the 10-year breakeven inflation rate fell to a 3-week low of 2.295% on Monday.  T-notes added to their gains on Monday when Fed Chair Powell said inflation expectations are well anchored and the FOMC will reach its 2% inflation goals.

European government bond yields moved lower on Monday.  The 10-year German bund yield fell -5.9 bp to 3.035%.  The 10-year UK gilt yield fell -4.0 bp to 4.935%.

The Eurozone Mar economic sentiment index fell -1.6 to a 6-month low of 96.6, weaker than expectations of 96.7.

German Mar CPI (EU harmonized) rose +1.2% m/m and +2.8% y/y, right on expectations, with the +2.8% y/y gain the largest year-on-year increase in two years.

Swaps are discounting a 52% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

The weakness in chipmakers and AI infrastructure stocks weighed on the broader market.  Micron Technology (MU) closed down more than -9% to lead losers in the Nasdaq 100, and Western Digital (WDC) closed down more than -8%.  Also, Marvell Technology (MRVL) and Sandisk (SNDK) closed down more than -7%, and Lam Research (LRCX) closed down more than -5%.  In addition, Seagate Technology Holdings Plc (STX), KLA Corp (KLAC), Applied Materials (AMAT), and Intel (INTC) closed down more than -4%, and ASML Holding NV (ASML), Advanced Micro Devices (AMD), and Microchip Technology (MCHP) closed down more than -3%.

Optical stocks retreated on Monday.  Applied Optoelectronics (AAOI) closed down more than -13%, and Coherent (COHR) closed down more than -9%.  Also, Credo Technology Group Holdings Ltd (CRDO) closed down more than -7%, Lumentum Holdings (LITE) closed down more than -6%, and Corning (GLW) closed down more than -5%.

Software stocks rebounded on Monday following last Friday’s plunge.  ServiceNow (NOW) closed up more than +5% to lead gainers in the S&P 500, and Salesforce (CRM) closed up more than +3% to lead gainers in the Dow Jones Industrials.   Also, Workday (WDAY) and Intuit (INTU) closed up more than +3%, and Atlassian (TEAM), Adobe (ADBE), and Autodesk (ADSK) closed up more than +2%.

Cybersecurity stocks moved higher on Monday, recovering some of last Friday’s slide.  Palo Alto Networks (PANW) closed up more than +4%, and Okta (OKTA) and Zscaler (ZS) closed up more than +3%.  Also, CrowdStrike Holdings (CRWD) closed up more than +2% and Fortinet (FTNT) closed up more than +1%.

Aluminum stocks rallied on Monday following Iran’s attacks on Middle Eastern aluminum facilities.  Alcoa (AA) closed up more than +8%, and Century Aluminum (CENX) closed up more than +7%.

Viridian Therapeutics (VRDN) closed down more than -32% after giving efficacy data from a late-stage trial of its experimental therapy for thyroid eye disease of 36%/45% placebo-adjusted proptosis response, well below expectations of 50%+.

Sysco (SYY) closed down more than -15% to lead losers in the S&P 500 after agreeing to buy Jetro Restaurant Depot LLC for $29.1 billion, including debt.

Boston Scientific (BSX) closed down more than -9% after Raymond James downgraded the stock to outperform from strong buy.

United Therapeutics (UTHR) closed up more than +12% after announcing that its study of Tyvasco to treat idiopathic fibrosis met its primary endpoint, demonstrating superiority over placebo.

Insmed Inc. (INSM) closed up more than +5% to lead gainers in the Nasdaq 100 after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $212.

TKO Group Holdings (TKO) closed up more than +3% after Citizens Financial Group initiated coverage on the stock with a recommendation of market outperform and a price target of $240.

Biogen (BIIB) closed up more than +2% after the FDA approved a high-dose version of its Spinraza drug for spinal muscular atrophy,

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!

The S&P 500 Index ($SPX) (SPY) today is down -0.75%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -0.21%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.18%.

Stock indexes turned lower this afternoon as the market digests the first $100+ oil settlement since 2022, a milestone reached as supply-chain risks continue to dominate the energy sector.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Treasury Yields retreated after comments from Federal Reserve Chair Jerome Powell noted that while the central bank is tracking the recent surge in energy costs, its tools for addressing such supply-side shocks remain restricted.

The US Mar Dallas Fed manufacturing activity survey fell by -0.4 to -0.2, weaker than expectations of an increase to 2.0.

US and Israeli forces pressed ahead with attacks on Iran today, while the UAE issued multiple alerts and Saudi Arabia and Kuwait reported numerous strikes by Iranian drones and missiles as the war in Iran enters its fifth week.  The Washington Post said the Pentagon is preparing for weeks of ground operations in Iran, as about 3,500 sailors and Marines have arrived in the Middle East. President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and could seize the export hub of Kharg Island, which would involve US ground troops and mark a major escalation of the conflict.

Crude oil prices (CLK26) are up more than +2% today at a 3-week high.  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 +0.28%.  China's Shanghai Composite closed up +0.24%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -2.79%.

Interest Rates

June 10-year T-notes (ZNM6) today are up by +24 ticks.  The 10-year T-note yield is down -9.7 bp to 4.330%.  June T-notes are climbing today on speculation that the ongoing war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  Also, sliding inflation expectations are supportive of T-notes after the 10-year breakeven inflation rate fell to a 3-week low of 2.295% today.  T-notes added to their gains today after Fed Chair Powell said inflation expectations are well anchored and the FOMC will reach its 2% inflation goals.

European government bond yields are moving lower today.  The 10-year German bund yield is down -5.5 bp to 3.039%.  The 10-year UK gilt yield is down -4.6 bp to 4.928%.

The Eurozone Mar economic sentiment index fell -1.6 to a 6-month low of 96.6, weaker than expectations of 96.7.

German Mar CPI (EU harmonized) rose +1.2% m/m and +2.8% y/y, right on expectations, with the +2.8% y/y gain the largest year-on-year increase in two years.

Swaps are discounting a 52% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

Software stocks are rebounding today after last Friday’s plunge.  ServiceNow (NOW) is up more than +4%, and Atlassian (TEAM) and Workday (WDAY) are up more than +3%. Also, Datadog (DDOG), Adobe (ADBE), and Autodesk (ADSK) are up more than +2%.  In addition, Intuit (INTU) and Salesforce (CRM) are up more than +1%.

Cybersecurity stocks are rallying today, recovering some of last Friday’s slide.  Palo Alto Networks (PANW) is up more than +6% to lead gainers in the S&P 500.  Also, Okta (OKTA), CrowdStrike Holdings (CRWD), and Zscaler (ZS) are up more than +4%. In addition, Fortinet (FTNT) is up more than +2%.

Aluminum stocks are climbing today following Iran’s attacks on Middle Eastern aluminum facilities.  Alcoa (AA) is up more than +11%, and Century Aluminum (CENX) is up more than +9%.  Also, Kaiser Aluminum (KALU) and Constellium SE (CSTM) are up more than +3%.

Weakness in chipmakers and AI infrastructure stocks is limiting gains in the broader market.  Western Digital (WDC) is down more than -5% to lead losers in the Nasdaq 100, and Marvell Technology (MRVL) and Seagate Technology Holdings Plc (STX) are down more than -5%.  Also, Micron Technology (MU), Lam Research (LRCX), and KLA Corp (KLAC) are down more than -4%, and Applied Materials (AMAT) and Intel (INTC) are down more than -3%.  In addition, ASML Holding NV (ASML), ARM Holdings Plc (ARM), Broadcom (AVGO), and Microchip Technology (MCHP) are down more than -2%.

United Therapeutics (UTHR) is up more than +13% after announcing that its study of Tyvasco to treat idiopathic fibrosis met its primary endpoint, demonstrating superiority over placebo.

Insmed Inc. (INSM) is up more than +5% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $212.

TKO Group Holdings (TKO) is up more than +4% after Citizens initiated coverage on the stock with a recommendation of market outperform and a price target of $240.

Biogen (BIIB) is up more than +2% after the FDA approved a high-dose version of its Spinraza drug for spinal muscular atrophy,

Expedia Group (EXPE) is up more than +1% after Jeffries upgraded the stock to buy from hold with a price target of $300.

Viridian Therapeutics (VRDN) is down more than -31% after giving efficacy data from a late-stage trial of its experimental therapy for thyroid eye disease of 36%/45% placebo-adjusted proptosis response, well below expectations of 50%+.

Sysco (SYY) is down more than -11% to lead losers in the S&P 500 after agreeing to buy Jetro Restaurant Depot LLC for $29.1 billion, including debt.

Boston Scientific (BSX) is down more than -8% after Raymond James downgraded the stock to outperform from strong buy.

Earnings Reports(3/30/2026)

AirJoule Technologies Corp (AIRJ), AIRO Group Holdings Inc (AIRO), Arrive AI Inc (ARAI), Arrow Financial Corp (AROW), Bicara Therapeutics Inc (BCAX), DiaMedica Therapeutics Inc (DMAC), Fermi Inc (FRMI), HireQuest Inc (HQI), Inmune Bio Inc (INMB), Innventure Inc (INV), Phreesia Inc (PHR), Progress Software Corp (PRGS), Red Cat Holdings Inc (RCAT), Rezolve AI PLC (RZLV), Riverview Bancorp Inc (RVSB), Tootsie Roll Industries Inc (TR), TuHURA Biosciences Inc (HURA), Zspace Inc (ZSPC). 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

Stocks 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 WeekS&P Futures Slip on Middle East Conflict Uncertainty and China Trade ProbesStocks Plunge Before the Open as Oil Prices Climb on U.S.-Iran Talks Uncertainty

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 ($SPX) (SPY) today is up +0.58%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.30%.  June E-mini S&P futures (ESM26) are up +0.38%, and June E-mini Nasdaq futures (NQM26) are up +0.10%.

Stock indexes are climbing today as falling T-note yields sparked short covering.  The 10-year T-note yield is down -10 bp to 4.33% on fears that the war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  T-notes yields fell further today after Fed Chair Powell said inflation expectations are well anchored and the FOMC will reach its 2% inflation goals.  He added, "It's too soon to know what the economic effects will be" from the Iran war.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

The US Mar Dallas Fed manufacturing activity survey fell by -0.4 to -0.2, weaker than expectations of an increase to 2.0.

US and Israeli forces pressed ahead with attacks on Iran today, while the UAE issued multiple alerts and Saudi Arabia and Kuwait reported numerous strikes by Iranian drones and missiles as the war in Iran enters its fifth week.  The Washington Post said the Pentagon is preparing for weeks of ground operations in Iran, as about 3,500 sailors and Marines have arrived in the Middle East. President Trump told the Financial Times on Sunday that he wants to "take the oil in Iran" and could seize the export hub of Kharg Island, which would involve US ground troops and mark a major escalation of the conflict.

Crude oil prices (CLK26) are up more than +2% today at a 3-week high.  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 +0.28%.  China's Shanghai Composite closed up +0.24%.  Japan's Nikkei Stock 225 fell to a 3-month low and closed down -2.79%.

Interest Rates

June 10-year T-notes (ZNM6) today are up by +24 ticks.  The 10-year T-note yield is down -9.7 bp to 4.330%.  June T-notes are climbing today on speculation that the ongoing war in the Middle East will lead to a fuel shortage that derails global economic growth, offsetting inflation fears and possibly keeping the Fed from raising interest rates.  Also, sliding inflation expectations are supportive of T-notes after the 10-year breakeven inflation rate fell to a 3-week low of 2.295% today.  T-notes added to their gains today after Fed Chair Powell said inflation expectations are well anchored and the FOMC will reach its 2% inflation goals.

European government bond yields are moving lower today.  The 10-year German bund yield is down -5.5 bp to 3.039%.  The 10-year UK gilt yield is down -4.6 bp to 4.928%.

The Eurozone Mar economic sentiment index fell -1.6 to a 6-month low of 96.6, weaker than expectations of 96.7.

German Mar CPI (EU harmonized) rose +1.2% m/m and +2.8% y/y, right on expectations, with the +2.8% y/y gain the largest year-on-year increase in two years.

Swaps are discounting a 52% chance of a +25 bp ECB rate hike at its next policy meeting on April 30.

US Stock Movers

Software stocks are rebounding today after last Friday’s plunge.  ServiceNow (NOW) is up more than +4%, and Atlassian (TEAM) and Workday (WDAY) are up more than +3%. Also, Datadog (DDOG), Adobe (ADBE), and Autodesk (ADSK) are up more than +2%.  In addition, Intuit (INTU) and Salesforce (CRM) are up more than +1%.

Cybersecurity stocks are rallying today, recovering some of last Friday’s slide.  Palo Alto Networks (PANW) is up more than +6% to lead gainers in the S&P 500.  Also, Okta (OKTA), CrowdStrike Holdings (CRWD), and Zscaler (ZS) are up more than +4%. In addition, Fortinet (FTNT) is up more than +2%.

Aluminum stocks are climbing today following Iran’s attacks on Middle Eastern aluminum facilities.  Alcoa (AA) is up more than +11%, and Century Aluminum (CENX) is up more than +9%.  Also, Kaiser Aluminum (KALU) and Constellium SE (CSTM) are up more than +3%.

Weakness in chipmakers and AI infrastructure stocks is limiting gains in the broader market.  Western Digital (WDC) is down more than -5% to lead losers in the Nasdaq 100, and Marvell Technology (MRVL) and Seagate Technology Holdings Plc (STX) are down more than -5%.  Also, Micron Technology (MU), Lam Research (LRCX), and KLA Corp (KLAC) are down more than -4%, and Applied Materials (AMAT) and Intel (INTC) are down more than -3%.  In addition, ASML Holding NV (ASML), ARM Holdings Plc (ARM), Broadcom (AVGO), and Microchip Technology (MCHP) are down more than -2%.

United Therapeutics (UTHR) is up more than +13% after announcing that its study of Tyvasco to treat idiopathic fibrosis met its primary endpoint, demonstrating superiority over placebo.

Insmed Inc. (INSM) is up more than +5% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $212.

TKO Group Holdings (TKO) is up more than +4% after Citizens initiated coverage on the stock with a recommendation of market outperform and a price target of $240.

Biogen (BIIB) is up more than +2% after the FDA approved a high-dose version of its Spinraza drug for spinal muscular atrophy,

Expedia Group (EXPE) is up more than +1% after Jeffries upgraded the stock to buy from hold with a price target of $300.

Viridian Therapeutics (VRDN) is down more than -31% after giving efficacy data from a late-stage trial of its experimental therapy for thyroid eye disease of 36%/45% placebo-adjusted proptosis response, well below expectations of 50%+.

Sysco (SYY) is down more than -11% to lead losers in the S&P 500 after agreeing to buy Jetro Restaurant Depot LLC for $29.1 billion, including debt.

Boston Scientific (BSX) is down more than -8% after Raymond James downgraded the stock to outperform from strong buy.

Earnings Reports(3/30/2026)

AirJoule Technologies Corp (AIRJ), AIRO Group Holdings Inc (AIRO), Arrive AI Inc (ARAI), Arrow Financial Corp (AROW), Bicara Therapeutics Inc (BCAX), DiaMedica Therapeutics Inc (DMAC), Fermi Inc (FRMI), HireQuest Inc (HQI), Inmune Bio Inc (INMB), Innventure Inc (INV), Phreesia Inc (PHR), Progress Software Corp (PRGS), Red Cat Holdings Inc (RCAT), Rezolve AI PLC (RZLV), Riverview Bancorp Inc (RVSB), Tootsie Roll Industries Inc (TR), TuHURA Biosciences Inc (HURA), Zspace Inc (ZSPC).

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.

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

Samsara Inc. (NYSE: IOT) announced its 2026 North America Customer Advisory Board on Tuesday as the company prepares for its annual Beyond conference.

The board includes executives from nearly 40 organizations spanning transportation, logistics, energy and food distribution. One goal is to guide the next generation of AI-powered safety and operational tools.

Members include leaders from major carriers such as DHL Express, Old Dominion Freight Line, Werner Enterprises, XPO, Sysco and Republic Services.

The board gives these operations leaders a direct hand in shaping products that address daily fleet challenges. Their input already helped create Samsara Coach, the AI-powered coaching tool that delivers personalized, real-time guidance to drivers, and the Asset Tag XS, a compact, ruggedized tracker for smaller high-value assets. Last year Samsara customers prevented nearly 380,000 accidents.

“Joining Samsara’s Customer Advisory Board gives us a direct hand in shaping the next decade of operations,” said Chris Roberts, chief environmental health and safety officer at Ecolab. “By sharing our teams’ real-world experiences, we’re helping build solutions that have a clear and powerful impact in the field. It’s a collaborative community with a shared goal: making operations safer and more efficient for everyone.”

Andy Yearout, senior vice president of supply chain at Mohawk Industries, highlighted the transformative role of connected technology in fleet management.

“The impact of camera and telematics innovations cannot be overstated,” Yearout said. “These technologies enable proactive identification and correction of at-risk behaviors before incidents happen, driving measurable improvements in fleet safety and overall operational performance.”

“Our Customer Advisory Board is the heartbeat of our innovation,” said Johan Land, senior vice president of product at Samsara. “We listen to the problems our customers face and co-create products to pioneer a safer, more efficient future for physical operations. We are truly proud to build alongside them.”

The CAB is one piece of Samsara’s broader push to connect the industry. The company also runs monthly Driver Council sessions, Samsara Spark virtual networking for operations leaders, and 19 Global Safety Summits across the U.S. and Canada.

Board members will help shape breakthrough products Samsara plans to unveil at its Beyond conference, scheduled for June 23-26 in Las Vegas.

The post Samsara introduces 2026 North America Customer Advisory Board appeared first on FreightWaves.

View Comments