US Stocks Pare Gains

2026-03-13 15:34 By Andre Joaquim 1 min. read

US equities erased their gains on Friday as the war in Iran showed no signs of de-escalation, furthering concerns that energy prices will stay elevated for longer.

The S&P 500, Dow, and the Nasdaq 100 held at their lowest since November.

Defiant rhetoric between Iran and the US maintained risks that energy exports from the Persian Gulf will remain halted in the near future.

Oil prices held their surge despite signals of the IEA's coordinated reserve release and the US decision to ease sanctions on Russia.

Yields were sharply higher since the start of the month even though the US GDP was firmly lower than estimated in Q4, pressuring credit-sensitive equities.

Software giants lost the most in the session, with Meta, Palantir, and Oracle dropping around 2%.

Also, Adobe slid 6.5% after missing its guidance expectations and announcing the departure of its CEO.

In turn, asset managers trimmed their recent plunge due to concerns around private credit loans.



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