Traders work on the floor at the New York Stock Exchange in New York, Tuesday, March 10, 2026.
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Oil prices resumed their rise because of the war with Iran, but U.S. stocks held steadier this time around. The S&P 500 rose 0.2% Tuesday and added to its gain from the day before, which was its biggest since the war began. The Dow Jones Industrial Average climbed 0.1%, and the Nasdaq composite gained 0.5%. It’s a break from the usual playbook since the start of the war, where stock prices have tended to go in the opposite direction of oil prices. Airline stocks climbed after Delta and others raised their forecasts for upcoming revenue. Treasury yields eased.
U.S. stocks slumped after a report said inflation was primed to worsen even before the war with Iran sent oil prices spiking. That and comments from the head of the Federal Reserve pushed Wall Street on Wednesday to see less chance of getting the lower interest rates that it loves. The S&P 500 fell 1.4% for its first loss this week. The Dow Jones Industrial Average dropped 1.6%, and the Nasdaq composite slid 1.5%. Treasury yields climbed in the bond market, which hurts prices for all kinds of investments. Gold fell back below $5,000 per ounce.
