Stock market today: Dow rises, S&P 500 and Nasdaq slip as war uncertainty drives oil prices higher

CL=F BZ=F

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  Market bounce fades arsenic S&P 500, Nasdaq crook negative

  Monday's rebound showed signs of fading arsenic the S&P 500 (^GSPC) slipped from affirmative to antagonistic territory, falling astir 0.2% successful day trading.

  The tech-exposed Nasdaq Composite (^IXIC) besides dropped 0.5% aft earlier gaining arsenic overmuch arsenic 0.6%.

  Nasdaq GIDS - Free Realtime Quote • USD

  20,847.39 -100.96 (-0.48%)

  As of 1:50:03 PM EDT. Market Open.

  ^IXIC ^GSPC ^DJI

  Meanwhile, the Dow Jones Industrial Average (^DJI) trimmed gains of arsenic overmuch arsenic 1%, rising 0.3%.

  Oil prices besides trimmed gains but stayed successful greenish territory with Brent crude (BZ=F) futures hovering supra $107 per barrel. West Texas Intermediate (CL=F) traded adjacent $103.

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  Crypto stocks astatine 'big discounts', whitethorn beryllium nearing bottom: Bernstein analysts

  Crypto stocks whitethorn beryllium nearing a bottom, accidental Bernstein analysts.

  "The operation of geopolitics and impermanent crypto anemic sentiment is offering large discounts" connected crypto stocks, Bernstein's Gautam Chhugani and his squad wrote.

  Shares of trading platforms Coinbase (COIN) and Robinhood (HOOD), arsenic good arsenic fintech Figure Technology Solutions (FIGR), person each fallen astir 60% from their all-time highs arsenic cryptocurrencies person slid from past year’s grounds levels.

  Bernstein maintained an Outperform standing connected the 3 stocks portion lowering their terms targets connected expectations of anemic archetypal 4th results aboriginal this spring.

  "We believe, we volition spot a bottommost successful crypto stocks into anemic Q1 earnings," the squad wrote.

  The analysts expect Coinbase's net per stock to turn by 23% successful 2026, driven by a stablecoin boom, caller merchandise launches, and an expected crypto recovery.

  They besides spot "stronger resilience," peculiarly successful Robinhood and Figure, fixed that their revenues are mostly unlinked to crypto. Figure is simply a pure-play blockchain tokenization business, portion crypto-linked gross makes up lone astir 20% of Robinhood’s revenue.

  "In our view, these businesses connection vulnerability to trillion dollar markets with years of maturation up - prediction markets, stablecoins, tokenized existent satellite assets, crypto derivatives and further beta connected crypto betterment from the bottom,” Chhugani wrote.

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  Nasdaq volition chopped the timeline for inclusion successful the Nasdaq 100 scale aft an IPO to 15 days for large companies

  Nasdaq Inc. (NDAQ) volition shorten the model of clip needed for recently nationalist companies with ample marketplace caps to beryllium included successful its Nasdaq 100 scale (^NDX) nether a caller "fast entry," the speech relation said Monday.

  As of May 1, companies whose marketplace caps fertile wrong the apical 40 members of the Nasdaq 100 volition beryllium eligible for inclusion successful the scale wrong 15 trading days aft an IPO, drastically shortening the existent timeline of astir 3 months aft going nationalist earlier inclusion.

  Index inclusion tin beryllium intensely important for large nationalist companies, arsenic scale money and ETF managers that connection products tracking indexes are required to bargain banal successful immoderate caller companies added to the index.

  More than $30 trillion successful assets is benchmarked to the S&P Dow Jones, Nasdaq, and FTSE Russell indexes, which are each considering imaginable changes that would velocity up inclusion processes for recently listed companies, according to Bloomberg.

  The Nasdaq 100 is "tracked by much than 200 concern products with implicit $600 cardinal successful assets nether absorption globally," the institution said Monday.

  The regularisation changes travel arsenic Elon Musk's SpaceX (SPAX.PVT) and the flagship AI developers OpenAI (OPAI.PVT) and Anthropic (ANTH.PVT) each see 2026 IPOs. All 3 are expected to beryllium blockbuster offerings.

  SpaceX is reportedly targeting a $75 cardinal rise for a valuation of $1.75 trillion, according to Bloomberg, blowing retired of the h2o the existent largest IPO connected grounds successful Saudi Aramco's $29 cardinal raise. Such a valuation would instantly spot SpaceX wrong the apical 10 astir invaluable nationalist companies, according to Yahoo Finance data.

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  Bond yields dive arsenic Powell comments easiness ostentation worries

  Bond output dropped connected Monday arsenic Fed Chair Powell said ostentation expectations stay "well anchored", contempt the caller surge successful lipid prices.

  Yields connected the 2-year Treasury dropped by arsenic overmuch arsenic 10 ground points to 3.83%, portion the 5-year fell to 3.97%. The 10-year Treasury (^TNX) besides declined by arsenic overmuch arsenic 10 ground points to 4.33%.

  Powell's comments appeared to easiness ostentation worries arsenic lipid has surged beyond $100 per tube since the Iran struggle broke retired connected Feb. 28.

  “Energy shocks person tended to travel and spell beauteous quickly,” said Powell during a speech astatine Harvard.

  “By the clip the effects of tightening successful monetary argumentation instrumentality effect, the lipid terms daze is astir apt agelong gone, and you’re weighing connected the system astatine a clip erstwhile it's not appropriate," said Powell.

  He added that the “tendency is to look done immoderate benignant of a proviso shock,” though the captious constituent is to show ostentation expectations.

  Bond yields person been rising since the warfare successful Iran began, arsenic higher lipid prices person stoked ostentation fears and pushed markets to standard backmost expectations for Fed complaint cuts. If lipid and broader ostentation stay elevated, the Fed would beryllium little capable to chopped rates and whitethorn person to support them higher for longer to rein successful terms pressures.

  “Inflation expectations bash look to beryllium good anchored beyond the abbreviated term,” said Powell.

  “We volition yet look the question of what to bash here, but we’re not facing them yet due to the fact that we don’t cognize what the economical effects volition be," helium added.

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  Alaska Air banal sheds 8% connected heightened substance costs, disruptions successful Mexico and Hawaii

  Shares successful Alaska Air Group (ALK) mislaid astir 8% Monday greeting aft the hose said rising substance costs would pb to an adjacent greater archetypal 4th adjusted loss.

  In a securities filing Monday morning, Alaska Air said the refining margins connected substance from Singapore, the airline's "lowest cost" source, person surged by astir 400% since aboriginal February, from an mean of ~$0.45 to ~$2.25 per gallon.

  Given the surge successful substance pricing, the hose expects a resistance connected net per stock of astatine slightest $0.70, according to the filing. Alaska Air is present expecting a archetypal 4th adjusted nonaccomplishment of $1.50 to $2 per share, the institution said.

  The airline's archetypal 4th has besides been beleaguered by a bid of different outer events, Alaska Air said Monday. Political unit and unrest successful Mexico's Puerto Vallarta, arsenic good arsenic rainstorms and flooding successful Hawaii, person led to "demand pullback ... including during highest West Coast Spring Break question periods."

  "Absent impacts from fuel, Puerto Vallarta, and Hawaiʻi storms, Air Group’s results would person exceeded the midpoint of archetypal guidance," the institution said Monday.

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  US stocks crook into the greenish astatine the opening bell

  The US banal marketplace opened higher connected Monday arsenic Wall Street headed into a holiday-shortened trading week.

  The Dow Jones Industrial Average (^DJI) led the mode up with a summation of astir 1%. Meanwhile, the S&P 500 (^GSPC) roseate astir 0.8% portion the tech-exposed Nasdaq Composite (^IXIC) gained 0.6%.

  SNP - Free Realtime Quote • USD

  6,360.76 -8.09 (-0.13%)

  As of 1:50:05 PM EDT. Market Open.

  ^GSPC ^DJI ^IXIC

  Oil prices climbed connected Monday aft President Trump told the Financial Times that his penchant would beryllium for the US to power the lipid manufacture successful Iran “indefinitely" and threatened to onslaught energy and h2o infrastructure successful the country.

  This week, investors volition get labour marketplace readings from the Job Openings and Labor Turnover Survey (JOLTS), the ADP backstage payrolls report, and the captious March jobs report.

  Nike (NKE), USA Rare Earth (USAR), and Trilogy Metals (TMQ) each study net this week.

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  Oil prices propulsion backmost arsenic Bessent says US is 'going to retake power of the straits'

  Oil prices turned down aft US Treasury Secretary Scott Bessent said the US is "going to retake power of the straits" and hinted astatine imaginable information escorts successful an interrogation with Fox News connected Monday morning, arsenic reported by Bloomberg.

  Futures connected Brent crude (BZ=F), the planetary pricing benchmark, traded astir $114 per barrel, up 1.6% connected the league aft giving up gains earlier successful the session, according to Bloomberg data. Those connected the US benchmark West Texas Intermediate (WTI) crude (CL=F) traded up by astir 1% to alteration hands astir $100.50 per tube aft a show pullback connected Bessent's comments.

  Speaking with Fox, Bessent said, "Over time, the US is going to retake power of the straits, and determination volition beryllium state of navigation — whether it is done US escorts oregon a multinational escort" — adding to comments from the White House Monday greeting hinting astatine imaginable directions for the warfare successful Iran.

  Earlier successful the morning, lipid prices popped upward aft President Trump said connected Truth Social that the US is "in superior discussions" to extremity the subject cognition successful Iran, portion astatine the aforesaid clip threatening that if a woody is not reached shortly, the US would obliterate Iran's cardinal desalination and vigor infrastructure.

  Last week, President Trump pushed backmost his deadline for Iran earlier helium would bid those strikes to April 6, extending the extremity day for the 2nd time.

  The comments from Bessent are the latest successful what has go a somewhat antithetic intrusion into overseas argumentation by the Department of the Treasury. That said, the US Treasury has played an progressively ample relation successful the Middle East conflict, releasing sanctions connected some Russian and Iranian oil-on-water successful an effort to adhd barrels to a marketplace that is moving astatine a shortage of astir 12 cardinal barrels per day.

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  Oil prices clasp adjacent league highs arsenic struggle escalates, Trump threatens 'completely obliterating' Iran's infrastructure

  Oil prices held adjacent their league highs connected Monday greeting arsenic a bid of headlines from the Gulf stoked fears that the warfare could escalate sharply and that the marketplace whitethorn get adjacent tighter than it already is.

  Futures connected Brent crude (BZ=F), the planetary pricing benchmark, traded astir $115 per barrel, up 2.6% connected the session, according to Bloomberg data. Those connected the US benchmark West Texas Intermediate (WTI) crude (CL=F) traded up by 1.75% to alteration hands astir $101.40 per barrel.

  Two headlines person dominated the lipid commercialized since futures opened for trading astatine 6 p.m. ET connected Sunday.

  The archetypal of those is the entranceway of the Houthis, an Iran-backed proxy militia based successful Yemen, threatening information successful the Bab el-Mandeb Strait betwixt Yemen and Djibouti. With the Strait of Hormuz efficaciously closed by the Iranian militia, Saudi Arabia's East-West Pipeline, which runs crossed the kingdom to the larboard of Yanbu connected the Red Sea, has go the astir important diversion way for crude supplies.

  To get retired of the Red Sea, lipid tankers indispensable transit the Bab el-Mandeb Strait, wrong striking region of the Houthis. Insurance costs for Red Sea routes are climbing, and shipowners are already pulling backmost from sending their cargoes done the strait. If the Bab el-Mandeb were to beryllium choked off, the planetary marketplace would suffer different 7 cardinal barrels per time — the afloat capableness of the East-West Pipeline — of supply.

  The 2nd of those is renewed threats of wide unit against Iran's home infrastructure from President Trump, arsenic good arsenic an expanding fig of US soldiers sent to the Gulf region. In a Truth Social station connected Monday morning, Trump said the US is "in superior discussions" to extremity the subject cognition successful Iran; however, helium threatened that if a woody is not reached shortly, the US would obliterate Iran's cardinal desalination and vigor infrastructure.

• Aluminum futures leap aft Iran strikes Gulf smelters

  Iran's strikes connected aluminum plants successful the United Arab Emirates (UAE) and Bahrain implicit the play pushed aluminum prices higher connected Monday morning, arsenic the manufacture braced for proviso constraints.

  The Middle East supplies astir 9% of the world's aluminum, which is utilized successful automobiles, construction, and packaging, among different uses. On Saturday, 2 of the region's apical suppliers said they sustained harm to their facilities. Aluminum futures jumped implicit 4% to commercialized astatine $3,341.

  Since the warfare successful the Middle East began, aluminum prices person reached their highest levels since 2022, arsenic the Strait of Hormuz closure has restricted exports to the US and Europe.

  Shares of aluminum smelters besides surged connected the anticipation of higher prices connected Monday. Shares of US-based Alcoa (AA) and Century Aluminum (CENX) roseate 9% successful premarket trading.

  Read much here.

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  Premarket trending tickers: Alcoa, BJ's Wholesale Club, Leidos, and Strategy

  Aluminium shaper Alcoa (AA) stock roseate 8% earlier the doorbell connected Monday aft quality broke that 2 Middle East aluminium makers had been deed by Iranian attacks, raising concerns astir proviso disruptions.

  BJ's (BJ) stock fell 10% earlier the doorbell arsenic capitalist sentiment soured owed to reports of sluggish mid-year user spending.

  Leidos (LDOS) shares roseate 6% during premarket hours today. A caller 13F filing revealed that UBS Group has reduced its involvement successful the company, selling 58,303 shares and holding 533,824 shares valued astatine astir $96,301,860.

  Strategy (MSTR) banal edged higher by 2% pursuing bitcoins emergence to $67,000. Strategy is 1 of the largest firm holders of the cryptocurrency.

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  Gold finds footing adjacent $4,500 arsenic Iran warfare enters 5th week

• Markets crossed Asia autumn arsenic Iran struggle causes recession fears

  Reuters reports:

  Read much here.

• Oil rises arsenic warfare spreads beyond Iran

  Bloomberg reports:

  Read much here.