Stock Market Update
12-Mar-26 15:05 ET
Major averages firmly lower late in the session
Dow -679.58
at 46736.58,
Nasdaq -379.25
at 22336.90,
S&P -93.40
at 6684.39
[BRIEFING.COM] The S&P 500 (-1.3%), Nasdaq Composite (-1.6%), and DJIA (-1.4%) are back near session lows as the market enters the final hour of the session.
Crude oil futures settled today's session $8.84 higher (+10.2%) at $95.72 per barrel amid calls from Iran's new supreme leader Mojtaba Khamenei to keep the Strait of Hormuz closed.
Energy Secretary Chris Wright told CNBC that the U.S. Navy is not yet ready to escort tankers through the strait, though it will look to be able to do so by the end of the month.
