Stock Market Update
26-Mar-26 09:09 ET
Futures point to lower open as Iran conflict ramps
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: -53.00. Nasdaq futures vs fair value: -250.00.
The stock market is on track for a lower opening this morning amid rising oil prices and a more hostile tone surrounding the U.S. and Iran.
On the data front, initial jobless claims for the week ending March 21 rose by 5,000 to 210,000 (Briefing.com consensus: 210,000), while continuing jobless claims decreased by 32,000 to 1.819 million, which is the lowest level since May 25, 2024.
The key takeaway from the report is that it is not indicative of a weak labor market, particularly with initial jobless claims—a leading indicator—continuing to run at historically low levels.
