Morning Preview: March 10, 2026
Early Look
U.S. futures are indicating a positive open following a significant rally on Monday, where major averages rebounded from an initial decline of over 1% to close nearly 1% higher, primarily driven by technology shares, with the Nasdaq leading the charge.
Market Futures
- Dow: +63.00 (0.13%) - Last: 47,832
- S&P 500: +7.25 (0.10%) - Last: 6,808
- Nasdaq: +53.50 (0.21%) - Last: 25,044
Market Dynamics
The rally was sparked by President Trump's comments suggesting that the U.S.-Israeli conflict with Iran might be nearing resolution, which led to a spike in U.S. stock markets. Oil prices, which had surged to $100 per barrel, fell sharply to $85 per barrel, benefiting airline and cruise stocks while pressuring the dollar and Treasury yields, which in turn boosted precious metals prices. However, caution remains as Iran has vowed to continue its oil blockade, prompting Trump to threaten military retaliation.
Global Market Performance
In Asian markets, the Nikkei Index rose by 1,519 points (2.88%) to 54,248, while the Shanghai Index and Hang Seng Index also saw gains. In Europe, the German DAX and FTSE 100 experienced significant increases as well.
Market Closing Prices from Previous Day
- S&P 500: +55.97 points (0.83%) - 6,795.99
- Dow Jones: +239.25 points (0.50%) - 47,740.80
- Nasdaq: +308.27 points (1.38%) - 22,695.95
- Russell 2000: +28.37 points (1.12%) - 2,553.67
Economic Calendar for Today
- 6:00 AM ET: NFIB Small Business Optimism for February
- 7:45 AM ET: ICSC Weekly Retail Sales
- 8:55 AM ET: Johnson/Redbook Weekly Sales
- 10:00 AM ET: Existing Home Sales M/M for February
- 12:00 PM ET: WASDE crop report
- 1:00 PM ET: U.S. Treasury to sell $58B in 30-year notes
- 4:30 PM ET: API Weekly Inventory Data
Earnings Calendar
Key earnings reports are expected from various companies, including Oracle (ORCL) after the market close.
Sector News Breakdown
Consumer Sector
Casey’s General Stores reported better-than-expected earnings, while Lindt & Spruengli lowered its sales outlook due to weak consumer sentiment. Nio Inc. showed strong growth in deliveries and revenue.
Energy, Industrials, and Materials
FreightCar America reported a decline in revenues, while Joby Aviation was selected for a government-backed pilot program. Saudi Aramco warned of catastrophic consequences for oil markets if the Iran conflict continues.
Financials
Bill Ackman’s Pershing Square filed for an IPO, and Cohen & Steers reported an increase in assets under management.
Healthcare
BioNTech announced plans for next-generation mRNA innovations, while Vertex Pharmaceuticals reported positive trial results for a kidney disease drug.
Technology, Media & Telecom
Apple increased its iPhone production in India significantly, and AT&T plans a substantial investment in U.S. network infrastructure.
Conclusion
The market is poised for a positive start as optimism grows around geopolitical developments, despite underlying tensions in the oil market and cautious economic indicators.