Traders work on the American Stock Exchange (AMEX) floor of the New York Stock Exchange (NYSE) on Monday, March 9, 2026 in New York, USA.
Michael Nagle | Bloomberg | Getty Images
Stock futures fell on Monday night after major averages were volatile in volatile trading, with traders keeping an eye on the latest developments in Iran.
futures tied to Dow Jones Industrial Average Lost 142 points (0.3%). S&P500 futures While the decline was 0.3%, Nasdaq 100 futures It fell by 0.3%.
“We are making great progress toward achieving our military goals,” President Donald Trump said Monday night, reinforcing his remarks earlier in the meeting that military operations could soon end. “We’re also focused on keeping energy and oil flowing to the world,” Trump said at a news conference at his golf club near Miami.
In regular trading, the stock made an impressive recovery from the session’s lows. 30 shares Dow It added about 239 points (0.5%), recovering from a loss of nearly 900 points. of S&P500 Shares closed 0.8% higher after falling as much as 1.5% during regular trading. The Nasdaq Composite similarly reversed, finishing up nearly 1.4%.
The rapid turnaround in the regular session of Congress came after President Trump told CBS senior White House correspondent Weijia Jiang that “the war is very, very nearly complete.” The president also told CBS News that the United States is “much further” than the previously stated four-to-five week deadline and is “considering” occupying the Strait of Hormuz.
Following President Trump’s comments, West Texas Intermediate crude oil rose above $100 per barrel in overnight trading, fell to more than $119, and then fell to $81 per barrel. The price of a barrel of Brent crude oil, the international standard, fell to $84 per barrel. The last time oil prices exceeded $100 was in 2022, when Russia launched a full-scale invasion of Ukraine.
“This is a really clear indication that oil is in command in the near term. From peak to trough, we saw oil prices drop 30% in just one day, and we saw risk assets, especially the stock market, rally through the news,” Matt Stuckey, chief portfolio manager at Northwestern Mutual, said Monday.
On Tuesday morning, energy ministers from the group of seven countries – Canada, France, Germany, Italy, Japan, the UK and the US – will hold a virtual meeting to discuss the possible release of the Strategic Petroleum Reserve.
In economic news, traders are keeping an eye on inflation statistics due out this week. The consumer price index for February will be released on Wednesday, and the personal consumption expenditure price index for January will be released on Friday. Neither report reflects the recent spike in oil prices caused by the war with Iran.
“Given what happened this month, we might see a slight increase in CPI inflation next quarter, but I don’t think that would derail the case for the Fed to actually cut rates, for example,” Stuckey said.
“In fact, if this situation continues, although it is not the basic case, the rise in crude oil prices will become a consumption tax and have a negative impact on financial markets,” he added. “Therefore, I would expect the Fed to provide or at least consider easing, rather than raising interest rates.”
Apart from this, this week’s earnings on deck include: oracle Out on Tuesday, adobe Deadline is Thursday.
