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Source document· March 3, 2026

Stocks Sink as Crude Oil Surge Rattles Markets

View original at nasdaq.com
Stocks Sink as Crude Oil Surge Rattles Markets The S&P 500 Index ($SPX) (SPY) today is down -2.18%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -2.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -2.37%…
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  • The real-time risk premium for crude oil is $18/bbl, corresponding to the impact of a six-week full halt to tanker traffic in the Strait of Hormuz

    80% confidence

  • Inflation has been above the Fed's objective for nearly five years now, so I don't think we have room to be complacent

    80% confidence

  • Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by 4.6%

    80% confidence

  • S&P earnings growth is expected to climb by 8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth

    80% confidence

  • Additional Fed interest rate cuts will be warranted if inflation slows further once most of the impact of tariffs has passed

    80% confidence

  • Iran's leaders should capitulate

    80% confidence

  • We will set fire to any ship attempting to pass through the Strait of Hormuz

    80% confidence

  • Combat operations against Iran could last for weeks until all objectives were completed

    80% confidence

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