financetom
Market
financetom
/
Market
/
US Equity Indexes Rise as Oil Prices Continue to Increase
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Equity Indexes Rise as Oil Prices Continue to Increase
Mar 17, 2026 1:01 PM

03:41 PM EDT, 03/17/2026 (MT Newswires) -- US equity indexes rose ahead of the close on Tuesday after fresh attacks in the Middle East war continued to drive oil prices higher.

The Nasdaq Composite rose 0.4% to 22,469.4, with the S&P 500 up 0.3% to 6,720.2. The Dow Jones Industrial Average gained 0.1% to 47,029.6. All US sectors were in the green, except health, consumer staples and utilities. Energy and consumer discretionary sectors led the gainers.

US producers are poised to earn an additional $63.4 billion in cash flow if West Texas Intermediate crude averages $100 per barrel for 2026, the Financial Times reported, citing data from Rystad Energy.

"The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money," US President Donald Trump said in a social media post last Thursday.

West Texas Intermediate crude oil futures rose 2.4% to $95.77.

Most US Treasury yields fell, with the 10-year yield down 2 basis points to 4.2%. The two-year yield slipped to 3.67%.

In economic news, US pending home sales rose by 1.8% in February, rebounding from a 0.9% decline in January, and more than the 0.6% decrease expected in a survey compiled by Bloomberg, according to the National Association of Realtors. The monthly sales index fell 0.8% from February 2025.

"The slight gain in pending contracts appears to be driven by improved affordability conditions," NAR Chief Economist Lawrence Yun said. "However, those conditions could reverse if higher oil prices lead to an uptick in mortgage rates."

Business activity continued to contract in the New York-Northern New Jersey region in March, according to the Federal Reserve Bank of New York's Business Leaders Survey. The business activity index was little changed at -22.6, while the business climate index fell to -46.2, implying a business climate much worse than normal.

For the four weeks ended Feb. 28, US private employers added an average of 9,000 jobs per week, down from 14,750 in the week earlier, according to ADP Employment Change data.

In company news, Uber Technologies ( UBER ) and Nvidia ( NVDA ) said late Monday they intend to launch a global fleet of autonomous vehicles powered by L4 software from the chipmaker in H1 2027. The initial deployment will occur in Los Angeles and San Francisco before expanding to 28 cities globally by 2028. Uber ( UBER ) shares rose 4.9%, while Nvidia ( NVDA ) shares fell 0.4%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Financial
Sector Update: Financial
Mar 19, 2025
08:34 AM EDT, 03/19/2025 (MT Newswires) -- Financial stocks were edging higher pre-bell Wednesday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.1%. The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.2%. Morgan Stanley ( MS ) plans to lay off...
Upcoming Fed Rate Decision Drives Narrow Premarket Gains for US Equity Futures
Upcoming Fed Rate Decision Drives Narrow Premarket Gains for US Equity Futures
Mar 19, 2025
08:08 AM EDT, 03/19/2025 (MT Newswires) -- US equity futures were cautiously higher pre-bell Wednesday as traders awaited the Federal Reserve's interest rate decision. The Dow Jones Industrial Average futures were up 0.1%, S&P 500 futures increased 0.3%, and Nasdaq futures were 0.4% higher. Oil prices were little changed, with front-month global benchmark North Sea Brent crude hovering at about...
Sector Update: Tech
Sector Update: Tech
Mar 19, 2025
08:44 AM EDT, 03/19/2025 (MT Newswires) -- Technology stocks were advancing premarket Wednesday as the Technology Select Sector SPDR Fund (XLK) was up 0.3% and the SPDR S&P Semiconductor ETF (XSD) was 0.2% higher recently. Kingsoft Cloud ( KC ) shares were up 9.1% after the company reported that its Q4 loss narrowed and its revenue increased. ...
Sector Update: Health Care
Sector Update: Health Care
Mar 19, 2025
08:42 AM EDT, 03/19/2025 (MT Newswires) -- Health care stocks were steady to higher premarket Wednesday, with The Health Care Select Sector SPDR Fund (XLV) up 0.2% and the iShares Biotechnology ETF (IBB) marginally lower. HealthEquity ( HQY ) shares were down 14% after the company reported overnight fiscal Q4 non-GAAP earnings that trailed analysts' estimates. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved