Traders at the New York Stock Exchange saw a glimmer of hope as stock futures rose slightly on Monday, March 10, 2026. This movement comes after Wall Street grappled with another tough week, prompting investors to monitor fluctuations in oil prices and ongoing developments in the U.S.-Iran war.
Futures for the Dow Jones Industrial Average increased by 105 points, translating to a 0.2% gain. Meanwhile, S&P 500 futures climbed 0.4%, and Nasdaq-100 futures advanced by 0.5%. This uptick follows a challenging week for the S&P 500, which recorded its third consecutive loss, finishing at its lowest point of the year last Friday. The index ended the week down 1.6%, while the Dow and Nasdaq experienced declines of approximately 2% and 1.3%, respectively.
Last week saw a notable rise in oil prices, with Brent crude surpassing $100 per barrel for the first time since 2022. This surge in crude prices is attributed to significant congestion in the strategically vital Strait of Hormuz, where shipping traffic has effectively come to a standstill due to the ongoing conflict. In early trading on Monday, West Texas Intermediate (WTI) crude dipped 0.4% to $98.36 after briefly trading above $100. In contrast, Brent crude logged a 0.9% increase, reaching $104.03.
The geopolitical climate remains tense, especially following President Donald Trump’s order last week for military strikes on Iranian assets located on Kharg Island. Although these strikes did not target oil infrastructure, Trump warned that further action might be taken if Iran continues to obstruct activities in the Strait. Over the weekend, Trump remarked in an interview with NBC that Iran is eager for a deal, although he is not yet prepared to negotiate.
Contributing to a more positive market sentiment was a report from the Wall Street Journal, indicating that the U.S. plans to announce a coalition of countries to assist in escorting ships through the Strait of Hormuz, according to unnamed officials. Despite the geopolitical tensions, the sell-off in the stock market has been relatively moderate. The S&P 500 remains only 5% short of its all-time high set earlier this year.
Ed Yardeni, president of Yardeni Research, noted this apparent resilience in the S&P 500, attributing it to the growing bullish sentiment among analysts regarding earnings per share forecasts for 2026 and 2027. “Apparently, they did not get the memo about the possible negative consequences of a protracted war and closure of the Strait,” he remarked.
Investors are also keeping a close eye on Nvidia, as the chipmaker’s GTC conference kicks off on Monday. Simultaneously, the Federal Reserve is expected to conduct its second monetary policy meeting of the year, though no changes to interest rates are anticipated.
With market dynamics continually shifting amid global uncertainties, traders remain watchful, hoping for stability as they navigate the current economic landscape. Stock market watchers will keep a keen focus on oil prices, geopolitical developments, and corporate earnings forecasts in the days ahead.
Original Source: https://www.cnbc.com/2026/03/15/stock-market-today-live-updates.html
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Publish Date: 2026-03-16 15:47:00
