Market Updates
NY TUESDAY
Barry Adams
10 Mar, 2026
New York City
Stocks traded sideways as investors looked to news from Iran after a wild session in oil market.
The S&P 500 Index decreased 0.1%, and the tech-heavy Nasdaq Composite declined 0.2% on a speculation that flow of oil and gas is likely to resume through the Strait of Hormuz.
The U.S. president signaled that the U.S. may end its missile strikes at targets in Iran, claiming that the U.S. objectives in Iran were "pretty well achieved."
The sharp jump in crude oil prices and extreme pressure from allies in the Middle East and Europe appear to have forced Donald Trump from backing down from continuing the latest military strikes in Iran.
Despite Trump's claims, investors remained skeptical about the intentions of the U.S. and Israel.
Trump's claims of "achieving goals" were quickly countered by top leaders of Iran's Islamic Revolutionary Guard Corps, stating that Iran will decide when to "end the war."
For now, Brent crude oil prices dropped 5.2% to $93.70 a barrel, and gold prices advanced 0.7% to $176.74 an ounce.
U.S. Movers
Vail Resorts declined 2.1% to $131.11 after the company reported weaker-than-expected quarterly results.
The company also lowered its outlook, and blamed it on "persistent, historically challenging weather conditions in the Rockies."
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