US Stocks Erase Losses

2026-03-02 17:25 By Andre Joaquim 1 min. read

US equities erased losses from a lower open on Monday as markets assessed the impact that the war in the Middle East may have on the US economy.

The three main stock indices hovered close to the flatline.

US forces killed Iran's supreme leader following a series of attacks over the weekend, prompting Iran to strike various targets across the region.

Most sectors recovered following aggressive losses on a global de-risking momentum, but credit-sensitive sectors remained under pressure as the resulting increase in energy prices and an unexpected surge in ISM manufacturing price index reignited concerns of delayed rate cuts by the Federal Reserve.

Chip producers and other tech giants were mostly lower, with Broadcom, AMD, and Alphabet dropping more than 1%.

On the other hand, Nvidia advanced 3% and Palantir jumped 6.5% to trim last week's declines.

Banks were muted, with JPMorgan and Bank of America down following recent risks from private credit and defaults from major clients.



News Stream
US Stocks Erase Losses
US equities erased losses from a lower open on Monday as markets assessed the impact that the war in the Middle East may have on the US economy. The three main stock indices hovered close to the flatline. US forces killed Iran's supreme leader following a series of attacks over the weekend, prompting Iran to strike various targets across the region. Most sectors recovered following aggressive losses on a global de-risking momentum, but credit-sensitive sectors remained under pressure as the resulting increase in energy prices and an unexpected surge in ISM manufacturing price index reignited concerns of delayed rate cuts by the Federal Reserve. Chip producers and other tech giants were mostly lower, with Broadcom, AMD, and Alphabet dropping more than 1%. On the other hand, Nvidia advanced 3% and Palantir jumped 6.5% to trim last week's declines. Banks were muted, with JPMorgan and Bank of America down following recent risks from private credit and defaults from major clients.
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The Dow Jones Index Opens 0.65% Lower
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US Stocks Under Pressure on Monday
US equities pulled back on Monday as war in the Middle East triggered a surge in energy prices drove global markets to pivot away from riskier assets. The three main averages were around 0.5% lower. The US struck Iran and killed its Supreme leader, prompting Iran to strike various targets across the Middle East. Equities across the globe fell as risks of prolonged warfare dented risk appetite, while the resulting surge in energy prices risked a fresh surge in inflation expectations that could result in more restrictive monetary policy by the Federal Reserve and other major central banks. Losses for stocks were distributed among most major sectors of exchanges, with Amazon and Apple dropping more than 1% each. Banks were also lower, with JPMorgan and Bank of America down 2% each following recent risks from private credit and defaults from major clients. In turn, North American energy producers were sharply higher.
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