Merchants work on the ground of the New York Inventory Trade (NYSE) in New York, US, on Monday, March 16, 2026.
Michael Nagle | Bloomberg | Getty Pictures
S&P 500 futures have been close to the flat line Monday evening after the foremost averages bounced in gentle of cooling oil costs.
S&P 500 futures slipped 0.1%, whereas Nasdaq 100 futures declined almost 0.2%. Futures tied to the Dow Jones Industrial Common misplaced 47 factors, or 0.1%.
Main averages rebounded within the common session as oil costs eased from the earlier week’s surge. The S&P 500 added 1%, after the broad-market index closed final week at its lowest degree of the 12 months amid the U.S.-Iran warfare. The Dow gained roughly 388 factors, or 0.8%, and the tech-heavy Nasdaq Composite gained 1.2%.
Every of the 11 S&P sectors closed larger on the day, led by features in tech. Nvidia shares superior about 1.7% after CEO Jensen Huang mentioned through the firm’s annual GTC convention that he expects $1 trillion in orders for Nvidia’s Blackwell and Vera Rubin methods via 2027.
Monday’s decline in oil costs boosted sentiment behind U.S. equities. Brent crude settled down about 2.8% to $100.21 a barrel on Monday. West Texas Intermediate crude fell about 5.3% to settle at $93.50 a barrel.
Oil costs have surged because the begin of the U.S.-Israel assaults on Iran on worries {that a} extended closure of the Strait of Hormuz may result in a world disruption of vitality provides. Though Treasury Secretary Scott Bessent instructed CNBC that the U.S. is permitting Iranian oil tankers to cross via the important thing waterway, President Donald Trump on Monday signaled {that a} coalition to escort tankers via the strait will not be but finalized.
Buyers are looking forward to additional developments on the warfare. Many are crediting a comparatively sturdy financial system, contained inflation and powerful earnings for continued momentum behind the inventory market, however Bartlett Wealth Administration president Holly Mazzocca mentioned on Monday that “dangers to that development story are mounting.”
“We got here into this 12 months with a fairly sturdy basis, however particularly the labor market has weakened fairly considerably. In order that’s the massive query for traders proper now, is simply being sensible that the general dangers to that continued development story are larger in the present day than they have been only a few weeks in the past,” Mazzocca mentioned on CNBC’s “Closing Bell.”
On the earnings entrance, Lululemon, Docusign and Oklo are anticipated to put up outcomes Tuesday.
Individually, traders are awaiting this 12 months’s second Federal Reserve rate of interest resolution, which is scheduled for Wednesday. Expectations for fee cuts have diminished as inflation worries have ramped up because the begin of the Iran warfare, in response to CME Group’s FedWatch device.
