Daily Market Insights - March 12, 2026

Last Updated: 12-Mar-26 07:57 ET

Market Overview

Equity futures indicate a lower opening today, with S&P futures down 35 points and Nasdaq futures down 123 points. The decline is attributed to escalating tensions in the Strait of Hormuz, which have caused oil prices to surge again, impacting market sentiment.

Key Developments

• Increased hostilities in the Strait of Hormuz have led to attacks on commercial ships, including oil tankers, prompting a reassessment of the conflict's duration and its impact on oil prices.
• Oil prices have risen by 6.0%, currently trading at $92.48 per barrel.
• The market is adjusting expectations for future rate cuts, with a 50% probability now projected for a 25 basis point cut in September.

Corporate News

Dollar General reported earnings that beat expectations but saw its stock drop by 4.7%. Morgan Stanley and Cliffwater are limiting withdrawals from private credit funds, indicating pressure in that sector.

International Market Activity

Asian markets closed lower, with Japan's Nikkei down 1.0% and Hong Kong's Hang Seng down 0.7%, influenced by rising oil prices and geopolitical tensions.

Economic Data to Watch

Investors are awaiting several economic reports, including:

• January Housing Starts (consensus: 1340K)
• Building Permits (consensus: 1392K)
• January Trade Balance (consensus: -$67.9 billion)
• Weekly Initial Jobless Claims (consensus: 215K)

Market Sentiment

The overall market sentiment remains cautious as investors monitor developments in the energy sector and geopolitical tensions. The energy sector has shown resilience, while other sectors like consumer staples and financials have faced challenges.