Today: 17 March 2026
Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz
17 March 2026
35 mins read

Stock Market Today 17.03.2026


LIVEMarkets rolling coverageStarted: Updated:

Keppel Stock Outlook as Oil Surges Past $100 Amid Restructuring

March 17, 2026, 2:05 AM EDT. Crude oil prices surged above $100 per barrel, a level not seen in years, boosted by Middle East conflicts and supply issues. Historically, Keppel Corporation's (SGX: BN4) offshore and marine (O&M) business correlated strongly with oil prices, contributing significantly to revenue and profits. However, Keppel has shifted away from this sector, spinning off most O&M assets into Seatrium and focusing on infrastructure, real estate, and connectivity. Despite retaining about S$4.8 billion in legacy O&M assets and some exposure through its diversified energy investments, the company's link to oil is now limited. Investors eyeing Keppel amidst rising oil prices should consider its strategic pivot and the reduced oil price sensitivity rather than past correlations.

Top Stocks to Buy with $1,000: Nvidia and Microsoft Lead AI Growth

March 17, 2026, 1:55 AM EDT. Investors with $1,000 should consider Nvidia and Microsoft, two tech giants poised to benefit from the ongoing artificial intelligence (AI) expansion. Nvidia, a leader in graphics processing units (GPUs) critical for AI applications, trades at a forward price-to-earnings (P/E) ratio of 22, matching the overall S&P 500 valuation but with stronger growth prospects through 2030. Microsoft, powered by its cloud platform Azure and strong AI demand, is at its lowest operating P/E ratio in a decade, suggesting attractive valuation. Both companies combine solid fundamentals with significant exposure to AI, making them compelling long-term buys.

Corn Futures Drop Over 11 Cents Amid Export and Market Pressure

March 17, 2026, 1:53 AM EDT. Corn futures fell by 11 to 12 ¼ cents on Monday, pressured by declines in soybeans and a $3.19 drop in crude oil prices. The national average cash corn price decreased 12 cents to $4.11 ½. Export inspections for the week ending March 12 showed 1.658 million metric tons (MMT) of corn shipped, slightly below the previous week but nearly 9% higher than last year. Mexico led shipments with 446,121 metric tons. The marketing year total corn exports rose over 39% above last year's pace. The Commodity Futures Trading Commission reported a significant increase of 140,297 contracts in speculative net long positions, the largest since 2019. Brazilian corn harvesting lags behind last year, with 50% of the first crop harvested versus 72% previously, contributing to market uncertainty.

American Resources (NASDAQ:AREC) Shares Rise 0.6% on Monday Trading

March 17, 2026, 1:50 AM EDT. American Resources Corporation (NASDAQ:AREC) saw its stock climb 0.6% on Monday, reaching an intraday high of $3.25 before closing at $3.13. Trading volume dipped 30% to 1.68 million shares, below its average of 2.4 million. The company holds a market cap of $335 million with a price-to-earnings ratio of -7.63, reflecting recent losses. Analyst sentiment is mixed: four recommend buying while one suggests selling, with a consensus price target of $6. Institutional interest is rising, notably from JPMorgan Chase, which increased its holding significantly. American Resources focuses on coal mining and reclamation with a vertically integrated model. The stock's 50-day moving average stands at $3.32, slightly above its current price, suggesting consolidation amid cautious optimism.

Australian Shares Rise on Banks and Miners Ahead of RBA Rate Decision

March 17, 2026, 1:49 AM EDT. Australian shares rose 0.3%, led by banks and miners, as investors awaited the Reserve Bank of Australia's (RBA) policy meeting. The S&P/ASX 200 index aimed to end a three-day losing streak. The RBA is widely expected to raise the cash rate to 4.1%, responding to inflation pressures and economic growth. Financials gained 0.5%, with the Big Four banks up 0.1% to 0.8%. Miners including Rio Tinto, BHP, and Fortescue advanced 0.9%. Energy stocks fell 1.1%, reversing a four-session rally amid easing Middle East tensions. Coal miner New Hope suffered a 12.6% slide after a profit drop due to weaker coal prices. In New Zealand, the S&P/NZX 50 rose 0.1%.

Nifty Auto Index Gains 2% as Auto Stocks Rebound; M&M, Maruti Lead Rally

March 17, 2026, 1:33 AM EDT. Auto stocks rebounded for the second day, with the Nifty Auto index jumping about 2% in early trade on Tuesday, recovering from a sharp 15.7% drop over 10 sessions this month. Key gainers included Mahindra & Mahindra, advancing nearly 3%, and Maruti Suzuki, up over 2%. The broader market also firmed, with the Sensex rising 480 points and Nifty gaining 155 points. Easing volatility, shown by a 7% drop in India VIX, supported buying in cyclical sectors like autos. Tata Motors' commercial vehicles rose after announcing a price hike up to 1.5% to offset rising commodity costs. Other luxury and mass-market automakers like Mercedes-Benz India, Audi, and Hyundai have similarly raised prices to tackle higher input expenses and currency fluctuations.

Wheat Futures Decline Amid Lower Export Inspections and Crude Oil Drop

March 17, 2026, 1:21 AM EDT.Wheat futures fell sharply on Monday with Chicago SRW down by 11 to 12 cents, Kansas City HRW by 8 to 9 cents, and Minneapolis spring wheat by 7 to 9 cents at midday. Export inspections for the week ending March 2 showed 343,022 metric tons (12.6 million bushels) shipped, dropping 31.2% from the previous week and 30.81% below last year, led by shipments to Mexico, the Philippines, and Bangladesh. Despite this, marketing year shipments are up 18.67% year-over-year. Managed money reduced short positions in Chicago wheat while increasing net longs in Kansas City and Minneapolis futures, signaling mixed market sentiment. Meanwhile, crude oil prices fell $3.19, likely influencing wheat's downward pressure.

Argo Investments Updates DRP Terms, Reinforces Fully Franked Dividend Focus

March 17, 2026, 1:19 AM EDT. Argo Investments (ASX:ARG) announced an estimated pre-tax net tangible asset (NTA) backing of A$10.25 per share as of March 13, 2026, alongside finalized pricing for its Interim Dividend Reinvestment Plan (DRP) and Dividend Substitution Share Plan (DSSP). The firm manages over A$8.00 billion with a diversified, debt-free portfolio emphasizing fully franked dividends for roughly 90,000 shareholders. Despite trading at a discount to NTA with a share price near A$8.99, Argo aims to sustain earnings momentum into dividends. However, risks include its high price-to-earnings ratio, modest return on equity, and recent underperformance against the market. Diverse fair value estimates ranging from A$1.26 to A$10.15 highlight varying market perspectives, urging investors to conduct thorough analysis before investing.

Stocks Rise Sharply as Crude Oil Prices Drop Amid Strait of Hormuz Developments

March 17, 2026, 1:16 AM EDT.U.S. stocks closed higher on Monday, with the S&P 500 up 1.01%, Dow Jones Industrial Average up 0.83%, and Nasdaq 100 up 1.13%. The rally followed a more than 5% drop in crude oil prices after several oil tankers passed through the Strait of Hormuz, easing fears over supply disruptions. The strait is a critical global oil transit chokepoint amid ongoing conflict with Iran. The 10-year Treasury yield fell 6 basis points to 4.22%, supporting equities. The U.S. struck Iranian military targets while Iran continued maritime attacks, escalating regional tensions. Despite US-Iran engagement talks uncertainty, global oil supply remains pressured, with the IEA noting an 8 million barrels per day cut due to the conflict. Mixed U.S. economic data included better-than-expected manufacturing output and housing sentiment but weaker Empire State manufacturing conditions.

Equinox Gold Faces Divergent Signals as Insider Selling Rises Amid Positive Analyst Ratings

March 17, 2026, 1:03 AM EDT. In March 2026, Equinox Gold (TSX:EQX) showed conflicting signals: AI-driven trading models indicated weak near- and mid-term market sentiment, while brokerages maintained "Outperform" ratings. Rising insider share sales contrast with this optimism, suggesting internal caution. The company recently announced its first quarterly dividend of US$0.015 per share and a buyback plan for up to 5% of shares, signaling management confidence in future cash flow. Yet, ongoing operational risks at key mines Greenstone and Valentine and insider selling add pressure on margins. Equinox projects $4.3 billion revenue and $1.4 billion earnings by 2028, implying a 32% upside from current share prices. Analysts urge caution due to potential production and grade challenges, highlighting a narrative split that investors must weigh carefully.

Asian Shares Mixed, US Futures Dip as Brent Crude Holds Above $100

March 17, 2026, 1:01 AM EDT. Asian markets showed mixed results Tuesday amid volatile oil prices, with Japan's Nikkei rising 0.4% and South Korea's Kospi jumping 2.4%. Hong Kong's Hang Seng gained 1%, while China's Shanghai index slipped 0.1%. U.S. stock futures for the S&P 500 and Dow Jones fell 0.3% following a recent rebound. Brent crude neared $103 a barrel, hovering above the critical $100 level, driven by heightened Middle East tensions and near blockade of the Strait of Hormuz, a crucial oil shipping route. The Reserve Bank of Australia raised interest rates to 4.1%, citing inflation linked to higher fuel costs. Market concerns linger about prolonged supply disruptions boosting global inflation, which could stall economic growth.

NORMA Group (NOEJ) Shares Drop 1.9% Amid Lower Trading Volume

March 17, 2026, 12:46 AM EDT. Shares of NORMA Group SE (ETR:NOEJ) fell 1.9% to €14.66 in mid-day trading on Monday, hitting a low of €14.58. Trading volume was down 50% from average, with 50,112 shares changing hands compared to the usual 99,678. The company, with a market cap of $479.39 million, has a price-to-earnings ratio of 20.59 and a beta of 1.07, indicating moderate volatility relative to the market. NORMA Group manufactures engineered joining technology solutions sold globally under various brand names. Despite the dip, analysts currently rate the stock as Hold. MarketBeat notes other stocks command stronger analyst recommendations.

Bitcoin Surges Past $75,000 Amid Inflation Data and Fed Rate Decision

March 17, 2026, 12:37 AM EDT. Bitcoin jumped above $75,000, surpassing a key resistance zone as markets await crucial Producer Price Index (PPI) data and the Federal Reserve's rate decision. While headline inflation is expected to cool, persistent core inflation pressures leave the Fed's path uncertain. Bitcoin's gains come alongside softer moves in equities and gold, reviving its reputation as a digital safe haven amid ongoing geopolitical tensions in the Middle East. Analysts note that the crypto's divergence from traditional markets could trigger volatility, especially with high options open interest near the current strike price. Upcoming economic data and Fed signals will likely shape Bitcoin's trajectory in the short term.

Sensex and Nifty Expected to Open Slightly Higher Amid Global Tensions and Oil Price Concerns

March 17, 2026, 12:36 AM EDT. Indian stock markets are set to open slightly higher Tuesday, with Nifty futures indicating a positive start above 23,408.8. However, volatile swings continue due to elevated Brent crude oil prices near $103 per barrel and ongoing Middle East tensions, notably the Strait of Hormuz shutdown impacting global oil supply. Foreign institutional investors (FIIs) remain net sellers, offloading shares worth over Rs 66,000 crore this month, while domestic institutional investors (DIIs) provide some market support. Technical analysis shows Nifty in oversold territory with potential for short-term reversal, but traders are urged to stay cautious amid geopolitical risks and watch key support (23,250-23,300) and resistance (23,550-23,600) levels before making moves.

Indian Stock Market Recovers Strongly; Nifty 50 Gains 257 Points Amid Global Optimism

March 17, 2026, 12:35 AM EDT. After early losses, India's Nifty 50 rebounded sharply, closing 257 points higher at 23,408 on Monday, with the BSE Sensex up 938 points. Key sectors like Auto and Financials rallied over 1%, while Oil & Gas and Realty declined. Asian markets showed positive momentum, bolstered by easing crude oil prices below $95 per barrel and strong U.S. equities performance. The Nifty 50 trades near 17.8 times forward earnings, attractive compared to April 2023 levels. Analysts highlight support zones around 23,200-23,300 and resistance near 23,650-23,800, indicating cautious optimism. Bank Nifty demonstrated resilience, closing near 54,400 after testing lows. Market watchers note geopolitical risks and rising crude prices remain concerns, but global cues favor a positive start for Indian equities.

Texas Emerges as New Financial Hub with NYSE Texas and Nasdaq Texas Launches

March 17, 2026, 12:34 AM EDT.Texas is rapidly becoming a major alternative to Wall Street, creating what insiders call 'Y'all Street'. This shift is marked by the launch of NYSE Texas and Nasdaq Texas, bringing significant financial infrastructure to Dallas-Fort Worth. Edward Crawford, Co-CEO of Coltala Holdings and advisory board member of NYSE Texas, highlighted major firms like Goldman Sachs and JP Morgan expanding their presence in Texas. A new competitor, the Texas Stock Exchange (TXSE), aims to challenge the established New York exchanges by attracting companies to list locally. The move signals a transformation in the U.S. financial landscape with potential for substantial capital influx, job creation, and economic growth beyond New York City.

Sempra Utilities Downgraded Despite Solid Growth Prospects

March 17, 2026, 12:33 AM EDT. Sempra presents a strong utility growth story but has been downgraded to reflect a fair valuation. The analysis draws on extensive experience covering commodities to tech and varied sectors including utilities, highlighting Sempra's steady expansion. Despite solid fundamentals, the stock may face headwinds justifying cautious reassessment. No stock positions or financial incentives influenced this independent appraisal. Investors should consider growth potential alongside valuation risks when evaluating Sempra.

Nifty, Sensex Turn Red After Opening Gains Amid Market Volatility on Tuesday

March 17, 2026, 12:32 AM EDT. Indian share markets opened higher Tuesday, with Nifty 50 up 0.36% and Sensex rising 0.43%, before turning red shortly after. Foreign portfolio investors sold equities worth over Rs 9,000 crore, but domestic institutional investors supported the market with net inflows of Rs 12,593 crore. Financials and autos led early gains. Global cues were positive as U.S. indexes closed higher on strong Nvidia guidance and technology strength, while Asian markets followed suit. Rising Brent crude prices, climbing 2.82% to $103 per barrel, and ongoing geopolitical tensions involving Iran continued to pressure the global economy. Sectorally, all indices traded in green early, including Auto, FMCG, Pharma, PSU Bank, and Metals, reflecting broad-based buying interest.

Wall Financial (TSE:WFC) Shares Slip 0.8% Amid Dividend Payout

March 17, 2026, 12:31 AM EDT. Shares of Wall Financial Co. (TSE:WFC) declined 0.8% to C$16.55 on Monday with a 14% volume increase. The company, with a market cap of C$529 million and P/E ratio of 16.07, recently reported quarterly earnings of C$0.37 per share, a net margin of 17.83%, and return on equity of 17.19%. Wall Financial operates residential rentals, housing development, and hotels, owning two Vancouver properties. It paid a substantial annual dividend of C$1.00 per share on March 9, reflecting a high yield of 619%. Analysts currently rate the stock as Hold, while other top-rated stocks are being favored for investment.

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Stock Market Today

  • Keppel Stock Outlook as Oil Surges Past $100 Amid Restructuring
    March 17, 2026, 2:05 AM EDT. Crude oil prices surged above $100 per barrel, a level not seen in years, boosted by Middle East conflicts and supply issues. Historically, Keppel Corporation's (SGX: BN4) offshore and marine (O&M) business correlated strongly with oil prices, contributing significantly to revenue and profits. However, Keppel has shifted away from this sector, spinning off most O&M assets into Seatrium and focusing on infrastructure, real estate, and connectivity. Despite retaining about S$4.8 billion in legacy O&M assets and some exposure through its diversified energy investments, the company's link to oil is now limited. Investors eyeing Keppel amidst rising oil prices should consider its strategic pivot and the reduced oil price sensitivity rather than past correlations.
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