Today: 23 March 2026
Browse Category

SGX:J39 10 February 2026

Stock Market Today

  • Nasdaq Composite Falls 2% on Middle East Conflict and Rising Oil Prices
    March 23, 2026, 10:33 AM EDT. The Nasdaq Composite Index fell 2% to 21,647.61 on March 20, 2026, driven by escalating U.S.-Israeli military actions against Iran. The conflict boosted Brent crude oil prices towards $114 a barrel, intensifying investor concerns about inflation and economic growth. Tech giants like Nvidia and Microsoft led the decline amid fears that higher energy costs could hinder profitability and slow AI infrastructure projects. Meanwhile, the S&P 500 and Dow Jones dropped 1.51% and 0.96%, respectively. The CBOE Volatility Index surged 11.31%, signaling increased market anxiety. Energy sectors showed relative strength due to oil gains, but the tech-heavy Nasdaq struggled as rising input costs and geopolitical risks dampened growth stock appeal. The broader U.S. market edges closer to correction territory, reflecting a cautious investor mood amid persistent geopolitical tension.
Go toTop