Traders prepare for the launch of MDA Space Inc.’s offering on the New York Stock Exchange during morning trading in New York City, March 12, 2026.
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Stock futures rose early Friday as new comments from Israeli Prime Minister Benjamin Netanyahu appeared to allay some concerns over a war between the United States and Iran.
Dow Jones Industrial Average Futures It increased by 108 points (0.23%). S&P500 futures Increased by 0.18%, Nasdaq 100 futures It increased by 0.17%.
Stocks fell on Thursday, but closed lower after Prime Minister Benjamin Netanyahu said Israel was assisting the United States “with information and other means” in the opening of the Strait of Hormuz. He added that Iran has lost the ability to enrich uranium and manufacture ballistic missiles, noting that the conflict may end sooner than many feared.
West Texas Intermediate Futures These comments sent the stock price plummeting after the settlement, pushing the stock up from the day’s lows. Still, WTI remains over 48% higher this month.
SPX since the US-Iran war began
“Near-term action all depends on the opening of the Channel,” said Scott Wren, senior global market strategist at Wells Fargo Investment Institute. “We think it will open within weeks, not months.”
However, the major average is still on pace for a fourth straight losing week. of S&P500 and Dow They were down 0.4% and 1.2%, respectively, in Friday trading. of Nasdaq Composite It decreased by 0.1%.
The Dow and Nasdaq are also approaching correction territory. The Dow Jones Industrial Average is 8.3% below its all-time closing high set on February 10th, and the Nasdaq is nearly 8% off its all-time closing high set on October 29th.
Still, the S&P 500 remains about 5% off its all-time high, and Unlimited CEO Bob Elliott believes the market remains too optimistic about the war’s impact on profits and the economy.
“When you look at stocks versus bonds, the market is pricing in stronger growth since this conflict started, and that doesn’t make sense,” he said in an interview on CNBC’s “Closing Bell: Overtime.” “Even if this dispute were resolved tomorrow, households would essentially be deprived of about 1 to 2 percent of their real purchasing power.”
