US Stocks Pull Lower
2026-03-11 17:57
By
Andre Joaquim
1 min. read
US equity indices swung lower on Wednesday, tracking losses for Treasuries as the war in the Persian Gulf lifted energy prices and worsened concerns of inflation the US economy.
The S&P 500 was firmly below the flatline and the Dow fell nearly 400 points, while a strong session for tech limited losses for the Nasdaq 100 to the marginal territory.
Crude oil and product prices reignited their surge in the session as escalation between Iran, GCC nations, and US-Israeli military furthered expectations that energy exports from the region will remain halted.
This lifted yields and pressured credit-sensitive equities despite the IEA recommending an aggressive release of oil stockpiles by members and no upside surprises to the US CPI for February.
Asset managers continued to fall amid concerns on the private credit sector, with Blackrock, Blackstone, Apollo, and KKR dropping over 2%.
In turn, AI companies were higher after Oracle surged 8% on its guidance beat.