Daily Market Insights - March 13, 2026
Last Updated: 13-Mar-26 16:25 ET
Market Snapshot
Dow: 46,557.36 (-119.38, -0.26%)
Nasdaq: 22,105.37 (-206.62, -0.93%)
S&P 500: 6,634.18 (-40.43, -0.61%)
NYSE: Advancers 1,048 | Decliners 1,697 | Volume 1.25 bln
Nasdaq: Advancers 1,665 | Decliners 3,064 | Volume 8.31 bln
Industry Watch
Strong: Utilities, Real Estate, Health Care, Consumer Staples, Financials
Weak: Materials, Industrials, Information Technology, Energy, Communication Services
Moving the Market
Stocks reversed early gains as oil prices climbed, with the S&P 500 (-0.6%), Nasdaq Composite (-0.9%), and DJIA (-0.3%) finishing lower. The market opened positively as crude oil dipped but later surged 3.0% to $98.56 per barrel due to geopolitical tensions in the Middle East.
Tech stocks were notably affected, with the information technology sector declining by 1.3%. Oracle and Adobe were among the laggards, while chipmakers showed mixed performance. The market's vulnerability to rising energy prices was evident, especially with ongoing concerns regarding the war in Iran.
Economic data released included a downward revision of Q4 GDP to 0.7% and a PCE Price Index increase of 0.3%, aligning with expectations but raising concerns about inflation due to rising oil prices.