Today: 26 March 2026
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Khadija Saeed

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

Costco Stock Gets Fresh $1,100 Target as $1,000 Sell Talk Builds Ahead of Earnings

Costco Stock Gets Fresh $1,100 Target as $1,000 Sell Talk Builds Ahead of Earnings

Evercore ISI raised its Costco price target to $1,100 ahead of Thursday’s earnings, keeping an Outperform rating. Costco shares traded near $1,000 as a Forbes column warned the valuation looks stretched, citing a price-to-earnings ratio near 55. The company reported February net sales up 9.3% to $21.33 billion, with comparable sales rising 7.1%. Investors are watching membership renewals, margins, and online sales growth.
2 March 2026
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ConocoPhillips stock jumps as oil surges on Hormuz fears — what investors watch next

ConocoPhillips stock jumps as oil surges on Hormuz fears — what investors watch next

ConocoPhillips shares rose 2.6% to $116.38 as crude prices surged after Israeli and U.S. strikes on Iran disrupted Middle East output and shipping. Brent crude climbed 6.75% to $77.79 a barrel, WTI gained 5.77% to $70.89. Analysts flagged tanker flows through the Strait of Hormuz as a key risk for prices. U.S. weekly crude inventory data is due March 4.
2 March 2026
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US economic calendar today: ISM price gauge jumps, Wall Street stalls as jobs report looms

US economic calendar today: ISM price gauge jumps, Wall Street stalls as jobs report looms

Nvidia and Microsoft gains kept the S&P 500 near flat Monday, while airline and cruise stocks fell as Brent crude surged over 7% after Middle East tensions. ISM’s February factory PMI stayed in expansion at 52.4, but input prices jumped to the highest since October 2022. The Dow slipped 0.20%, Nasdaq rose 0.22%. Investors await key jobs and services data later this week.
2 March 2026
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Brent crude price jumps as Hormuz disruption bites; traders eye March 5 insurance deadline

Brent crude price jumps as Hormuz disruption bites; traders eye March 5 insurance deadline

Brent crude rose $4.83, or 6.6%, to $77.70 a barrel as tanker traffic slowed near the Strait of Hormuz after drone attacks and Iran closed navigation, leaving about 150 vessels anchored. Marine insurers began cancelling war-risk cover for Gulf vessels from March 5. Qatar halted LNG output and Saudi Arabia suspended operations at Ras Tanura refinery after separate drone strikes. OPEC+ signaled a modest April output hike but may pause if conditions change.
2 March 2026
Oil prices today: Brent jumps above $76 as Strait of Hormuz risks keep traders on edge

Oil prices today: Brent jumps above $76 as Strait of Hormuz risks keep traders on edge

Brent crude futures jumped 5.5% to $76.91 a barrel Monday after U.S. and Israeli strikes on Iran and retaliatory shutdowns in the Gulf disrupted shipping, with Brent earlier hitting $82.37. JPMorgan estimated Strait of Hormuz exports fell to 4 million barrels per day from 16 million. OPEC+ agreed to a modest output hike, but traders said prices hinge on Gulf shipping flows. Asia’s jet fuel and diesel premiums also surged.
2 March 2026
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XRP price today: Ripple token slides as oil shock fears rattle crypto — what traders watch next

XRP price today: Ripple token slides as oil shock fears rattle crypto — what traders watch next

XRP fell 3.7% to about $1.34 in 24 hours, with $2.5 billion in turnover and a market value near $81.8 billion, Binance data showed. The drop followed a surge in oil prices after the U.S.-Israeli air war against Iran widened, and Whale Alert flagged three Ripple escrow unlocks totaling 1 billion XRP. Brent crude rose up to 13%, while bitcoin climbed 5.43% to $69,271. Turkey proposed a 10% crypto tax bill, Reuters reported.
2 March 2026
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Bitcoin price snaps back near $69,000 as Iran conflict and oil spike rattle markets

Bitcoin price snaps back near $69,000 as Iran conflict and oil spike rattle markets

Bitcoin jumped 4.7% to $69,141 Monday, rebounding after a volatile weekend that saw it briefly fall below $64,000. Brent crude surged 8% to $78.74 as investors reacted to the widening U.S.-Israeli air war against Iran and rising inflation risks. U.S. manufacturing data showed prices paid at their highest since October 2022. Turkey proposed a 10% tax on crypto gains, while the CFTC named David Miller as its new enforcement chief.
2 March 2026
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Dow Jones today: Index pares early slide as oil jumps on Middle East conflict

Dow Jones today: Index pares early slide as oil jumps on Middle East conflict

The Dow Jones Industrial Average slipped 0.14% to 48,907.26 by midday Monday as oil prices surged over 5% amid Middle East conflict, raising inflation concerns. Early losses were driven by declines in Sherwin-Williams and 3M. The ISM manufacturing PMI eased, but factory input prices hit a 3.5-year high. BlackRock’s consortium agreed to buy AES for $33.4 billion including debt.
2 March 2026
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Gold price today: Safe-haven jump fades after Iran strikes as dollar firms

Gold price today: Safe-haven jump fades after Iran strikes as dollar firms

Gold steadied near $5,284 an ounce Monday after an early surge on fears of a wider Middle East conflict, as oil and the dollar jumped. U.S. crude rose nearly 7%, Brent almost 10%, and the dollar index eyed its biggest one-day move since January. Traders watched for disruptions to energy flows and awaited U.S. payrolls data. Flight cancellations through Dubai threatened to slow physical gold shipments.
2 March 2026
ASX 200 today: Record close holds as oil shock lifts energy, banks stay on watch

ASX 200 today: Record close holds as oil shock lifts energy, banks stay on watch

The S&P/ASX 200 closed at a record 9,200.9 on Monday, led by sharp gains in energy stocks after oil prices surged on Middle East tensions. Financials dropped 1.8%, their worst session since November, while gold miners hit record highs. Magellan Financial announced a full buyout of Barrenjoey Capital Partners for A$1.62 billion. RBA Governor Michele Bullock is set to speak Tuesday ahead of key economic data releases.
2 March 2026
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RTX stock price jumps as defense shares rally on Middle East conflict; what investors watch next

RTX stock price jumps as defense shares rally on Middle East conflict; what investors watch next

RTX shares rose 4.4% to $211.51 Monday, hitting a new intraday high as defense stocks advanced on Middle East conflict concerns. Lockheed Martin and RTX both gained over 3%, while Wall Street’s main indexes fell. Brent crude climbed 9% to $79.50 a barrel, and gold rose 3%. Investors await Friday’s U.S. jobs report.
2 March 2026
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Goldman Sachs stock rebounds in New York trade, but oil shock keeps Wall Street on edge

Goldman Sachs stock rebounds in New York trade, but oil shock keeps Wall Street on edge

Goldman Sachs shares rose 1% to $863.84 Monday morning, rebounding after last week’s drop even as broader markets fell on Middle East conflict fears and an oil price surge. The bank traded ex-dividend, with a $4.50 payout due March 30. Goldman reported fourth-quarter private credit redemptions of 3.5%, below peers. Bank of America and Citigroup shares traded lower.
2 March 2026
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Lockheed Martin stock jumps as Iran conflict jolts markets — what investors watch next

Lockheed Martin stock jumps as Iran conflict jolts markets — what investors watch next

Lockheed Martin shares rose 3% to $674.58 by late morning Monday, outperforming a falling market after U.S. and Israeli strikes killed Iran’s Supreme Leader and triggered retaliatory missile fire. Oil jumped over 8% as some shippers halted traffic through the Strait of Hormuz. RTX and Northrop Grumman each gained about 4%. Investors are watching Iran headlines and Friday’s U.S. jobs report for direction.
2 March 2026
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Stock Market Today

  • MCJ Valuation Examined Amid Mixed Share Price Movements
    March 26, 2026, 4:59 PM EDT. MCJ (TSE:6670) has shown mixed share price performance recently, with gains over three months and a 1-year total shareholder return of 67.11%, yet a minor one-day decline. Trading at ¥2,281, the stock holds a price-to-earnings (P/E) ratio of 14x, slightly above peer average but well below the Asian tech sector average of 22.7x, suggesting investor caution. Forecasts indicate modest 2.7% annual revenue growth, mainly driven by PC hardware sales, signaling potential risk if this segment weakens. Valuation models place MCJ at about a 7% discount to intrinsic value, highlighting it as potentially undervalued but exposed to sector growth uncertainties.
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