Today: 12 March 2026

Khadija Saeed

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

AI stocks slide today as Nvidia drops after Intel confirms $5 billion stake sale

AI stocks slide today as Nvidia drops after Intel confirms $5 billion stake sale

Nvidia fell 1.7% after Intel completed a $5 billion private share sale to the chip designer, issuing over 214 million shares at $23.28 each. Broadcom, Palantir, AMD, Microsoft, Alphabet, and Meta also declined in thin year-end trading. Intel rose 0.25%. Investors await Federal Reserve minutes and jobless claims later this week.
P&G stock steadies in thin year-end trade as Wall Street slips

P&G stock steadies in thin year-end trade as Wall Street slips

Procter & Gamble shares traded little changed at $144.76 midday Monday as investors reduced tech exposure and consumer staples held steady. The company will report fiscal second-quarter results on Jan. 22, with analysts expecting $1.87 per share in profit. Shailesh Jejurikar is set to become CEO on Jan. 1, replacing Jon Moeller. Volume reached about 2.3 million shares by early afternoon.
29 December 2025
Bitcoin steadies near $87,500 as Strategy discloses fresh buy; crypto-linked stocks mixed

Bitcoin steadies near $87,500 as Strategy discloses fresh buy; crypto-linked stocks mixed

Bitcoin hovered near $87,500 after briefly topping $90,000 in thin holiday trading Monday. Strategy Inc bought 1,229 bitcoins for $108.8 million, raising its holdings to 672,497 tokens, according to an SEC filing. Shares of Strategy, Coinbase, and major bitcoin miners slipped, while a key spot bitcoin ETF edged up. Bitcoin traded between $86,780 and $90,247 during the session.
Wall Street wobbles into year-end as Nvidia, Tesla slide and SoftBank lifts DigitalBridge

Wall Street wobbles into year-end as Nvidia, Tesla slide and SoftBank lifts DigitalBridge

U.S. stocks slipped early Monday afternoon, with the S&P 500 down 0.4% and the Nasdaq off 0.5% as megacap tech names retreated. DigitalBridge surged nearly 10% after SoftBank agreed to acquire it for $4 billion. Gold and silver fell sharply from record highs, dragging miners lower, while oil’s rise lifted energy shares. Nvidia dropped 1.5% and Tesla lost over 2%.
Dow slips as Nvidia, Goldman drag blue chips in thin year-end trade

Dow slips as Nvidia, Goldman drag blue chips in thin year-end trade

The Dow fell 222 points, or 0.46%, to 48,488 in afternoon trading Monday, pressured by declines in Nvidia and other major components. Oil rose nearly 2% to $57.91 a barrel, while gold and silver futures dropped sharply. The S&P 500 lost 0.41% and the Nasdaq slipped 0.63%. U.S. markets will close Thursday for New Year’s Day.
Mastercard slips in thin year-end trade as investors eye Fed minutes

Mastercard slips in thin year-end trade as investors eye Fed minutes

Mastercard shares fell 0.2% to $578.34 in Monday afternoon trading, tracking declines in Visa and American Express as U.S. stocks slipped in thin year-end volume. The S&P 500 retreated from record highs set last week. Investors are watching for Tuesday’s Federal Reserve meeting minutes and Wednesday’s jobless claims. Mastercard traded between $577.38 and $581.99 earlier in the session.
Chevron stock edges up as oil rallies and Frontera signs $120 mln supply deal

Chevron stock edges up as oil rallies and Frontera signs $120 mln supply deal

Chevron shares rose 0.6% to $150.95 in early New York trading Monday after Frontera Energy signed a two-year, $120 million crude supply deal with a Chevron unit. Kazakhstan’s CPC Blend exports dropped 19% in December after a drone attack, while output at the Chevron-led Tengiz field fell 10%. Oil prices gained over $1 a barrel as geopolitical tensions increased.
Merck stock holds steady as year-end trading thins and Wall Street slips

Merck stock holds steady as year-end trading thins and Wall Street slips

Merck shares slipped 0.1% to $106.68 midday Monday, outperforming broader U.S. markets as the S&P 500 ETF fell 0.6% and the Nasdaq-100 tracker dropped 0.7%. Trading volumes remained thin ahead of Federal Reserve minutes due Tuesday. Investors await Merck’s Feb. 3 earnings call for 2026 guidance and pipeline updates. Pending U.S. home sales rose 3.3% in November, beating forecasts.
American Airlines stock slips despite Chicago hub expansion plan as storms, oil weigh

American Airlines stock slips despite Chicago hub expansion plan as storms, oil weigh

American Airlines shares fell 1.7% to $15.18 midday Monday after announcing 100 new daily spring departures from Chicago O’Hare, raising peak flights above 500. Airline stocks dropped broadly as winter storms disrupted U.S. travel and Brent crude climbed 2% to $61.86 a barrel. Over 9,000 flights were canceled or delayed nationwide over the weekend. Investors are watching disruption costs and spring demand.
29 December 2025
Philip Morris stock ticks up on Swedish Match plan filing as U.S. market softens

Philip Morris stock ticks up on Swedish Match plan filing as U.S. market softens

Philip Morris International shares rose 0.3% to $161.52 midday Monday after the company filed to register 500,000 shares for a Swedish Match North America employee profit-sharing plan. The filing, made on Form S-8, does not raise cash and relates to a program assumed in the 2022 Swedish Match acquisition. Other tobacco stocks were mixed. The broader market traded lower, with the S&P 500 ETF down 0.5%.
Western Digital stock slips as investors digest its 303% 2025 rally

Western Digital stock slips as investors digest its 303% 2025 rally

Western Digital shares fell 1.0% to $179.68 Monday, underperforming the broader market as about 1.9 million shares traded. The stock remains up 303% for 2025, making it the S&P 500’s top performer, amid surging demand for high-capacity hard drives in data centers. Seagate dropped 1.0%, while Micron rose 1.7%. Investors await updates on nearline drive pricing and volumes ahead of Western Digital’s next earnings report.
29 December 2025
Lumentum stock tumbles as year-end tech pullback hits AI optics names

Lumentum stock tumbles as year-end tech pullback hits AI optics names

Lumentum Holdings shares fell 4.1% to $374.87 by midday Monday, outpacing declines in tech benchmarks and optical peers. The stock swung between $390 and $364.50, retreating from last week’s 52-week high. Coherent and Ciena also dropped, but by less than Lumentum. Investors trimmed exposure to AI-linked names ahead of the New Year, with trading volumes thin and markets watching Fed minutes and jobless claims.
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Stock Market Today

  • Middle East War Sparks Largest Oil Supply Disruption in History
    March 12, 2026, 2:55 PM EDT. The International Energy Agency (IEA) has declared the ongoing Middle East war as causing the largest oil supply disruption in history, primarily due to Iran's blockade of the Strait of Hormuz. This vital trade route's closure has hindered millions of barrels of crude shipments daily, outpacing supply shocks seen during the 1973 Yom Kippur War and the 2022 Ukraine conflict. In a rare move, IEA and the U.S. coordinated the release of over 572 million barrels from strategic reserves to stabilize markets. Despite these efforts, Brent crude prices surged past $100 a barrel. Geopolitical tensions remain high, with increased attacks on energy infrastructure and potential U.S. military escorts for tankers under consideration, indicating ongoing volatility in oil markets.

Latest article

Oil Prices Surge Again: Brent Crude Near $100, WTI Jumps as Hormuz Stays Shut

Oil Prices Surge Again: Brent Crude Near $100, WTI Jumps as Hormuz Stays Shut

12 March 2026
Brent crude rose 8% to $99.38 after Iran said the Strait of Hormuz would remain shut and tanker attacks in Iraqi waters deepened supply fears. The International Energy Agency expects global supply to fall by 8 million barrels a day in March, calling it the biggest disruption on record. U.S. gasoline inventories fell 3.7 million barrels last week as drivers rushed to fill up. TotalEnergies reported a 15% output loss after shutdowns in the UAE, Qatar, and Iraq.
Natural Gas Price Today: U.S. Futures Near Four-Week High as Hormuz Shock Tightens LNG

Natural Gas Price Today: U.S. Futures Near Four-Week High as Hormuz Shock Tightens LNG

12 March 2026
U.S. natural gas futures hovered near a four-week high Thursday after storage data, with the Henry Hub front-month contract trading around $3.21 per mmBtu. EIA reported U.S. gas inventories fell by 38 Bcf to 1,848 Bcf last week. European gas stores are about 27% full, the lowest since 2022, as war disrupts LNG flows through the Strait of Hormuz. Asian spot LNG prices more than doubled in early March, reaching $22.50 per mmBtu.
Bitcoin Price Today: BTC Holds $70,000 as ETF Inflows Clash With Oil Shock

Bitcoin Price Today: BTC Holds $70,000 as ETF Inflows Clash With Oil Shock

12 March 2026
Bitcoin held above $70,000 on Thursday, last trading at $70,323, down 0.7% after touching $69,240. U.S.-listed spot bitcoin ETFs took in $115.2 million Wednesday, with BlackRock’s IBIT accounting for most inflows. Brent crude briefly topped $101, and Wall Street fell amid Middle East tensions. Economists expect the first Fed rate cut in June, but futures markets now point to September.
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