The DOW JONES index fell 0.77% to 45,854.48 points at the opening of this Tuesday. Salesforce, with a drop of 2.94%, is the most penalized value, while Home Depot lost 1.66%. On the positive side, Chevron is up 0.66% and Nike is up 0.37%.
The S&P 500 fell 0.64% to 6,538.98 points, while the Nasdaq fell 0.66% to 21,802.27 points.
Wall Street is coming off a day of solid advances yesterday, despite the fact that the major indices closed far from their intraday highs, given expectations that the war in Iran could end soon. The DOW JONES, which at times rose more than 1,000 points, ended up adding 631 points at the close, or 1.38%, while the S&P 500 advanced 1.15% and the technology Nasdaq rose 1.38%.
Optimism returned to the market after US President Donald Trump announced through Truth Social that the US and Iran had had “very good and productive conversations about a complete and total resolution of hostilities in the Middle East.” Shortly after, the ayatollah regime denied these talks with the US, although clarifying that the countries in the region were trying to promote diplomacy.
The truth is that the situation still seems very complex in the region. The vice president of the Iranian Parliament, Ali Nikzad, has assured that the Strait of Hormuz will not return to its previous state and that there will be no negotiations with Washingtonas reported by the semi-official Fars news agency.
Furthermore, not only have Israel’s attacks continued, but The Wall Street Journal ensures that US allies in the Gulf could join the fight. Saudi Crown Prince Mohammed bin Salman is eager to restore deterrence and is close to making a decision to join the strikes, according to sources close to the situation cited by the newspaper.
Today oil prices, which have become a market thermometer since the beginning of the conflict, are rising again. US West Texas futures advance 4.82% to $92.38 per barrel. The international benchmark Brent advanced 3.81% to $99.57, although it remains far from the levels above $110 to which it moved yesterday before Trump’s comments.
The price of gold fell 0.99% to $4,374.60 per ounce in its spot variety, extending a streak of ten consecutive days of falls.
The refuge in this international crisis is being the dollar, which is rising again against its main international peers. The euro fell 0.35% against the greenback to leave the exchange rate at 1.1575 dollars for each single currency.
In fixed income, the yield on the ten-year US bond rises to 4.405%, while the two-year bond pays 3.906%.
On the macroeconomic agenda, operators will be watching the Purchasing Managers’ Index (PMI) data from the manufacturing sector and the services sector. It has already been known that American companies created an average of 10,000 jobs per week in the four weeks ending March 7, 2026, after having created 9,000 jobs per week in the previous period, according to the ADP Research Institute.
Wall Street protagonists: Estée Lauder, Apollo, GameStop and more
Apollo Global Management moves with falls of 4.5% in the New York morning. The asset manager Apollo has announced to investors in its private credit fund that will limit withdrawals this quarter to 45%. Apollo Debt Solutions BDC reported receiving redemption requests equal to approximately 11% of outstanding shares during the first quarter, according to an SEC filing. This percentage exceeds the 5% quarterly limit allowed by the fund.
Estée Lauder shares are moving slightly lower after falling 7.7% yesterday. The cosmetics giant has confirmed negotiations with Puig Brands after The Wall Street Journal publishes its intention to acquire the Spanish company. Both Estée Lauder and Puig have clarified that a final decision has not yet been made nor an agreement reached.
Also in corporate moves, Gilead Sciences shares rose slightly in New York morning after the company agreed to acquire privately held biotech company Ouro Medicines.
Smithfield Foods rises 6% in New York morning after the pork producer’s board of directors decided to increase the quarterly dividend by 25%, from 25 cents to 31.25 cents per share.
It should also be taken into account that GameStop’s fourth quarter results will be known today after the close of regular trading. The quintessential meme stock is up about 12% so far this year, driven by renewed interest from retail investors and optimism around CEO Ryan Cohen’s plan to pivot toward e-commerce and higher-margin collectibles. Wall Street analysts forecast earnings of 37 cents per shareup from 30 cents a year ago, while revenue is expected to rise 15% year-on-year to $1.47 billion.
In analyst recommendations, Ralph Lauren receives an upgrade from ‘neutral’ to ‘buy’ by Citi.
CoreWeave advances 1.5% after Bank of America resumed coverage of the cloud computing provider with a ‘buy’ rating. The bank believes the company is well positioned to capture a significant share of AI infrastructure, given the sustained demand for AI computing and its proprietary software optimized for AI workloads.