Market Digest: CNI, AIG, CNP, DKS, JBL, WEN, LULU

Argus

•

Mar 19, 2026

Summary

The large banal indices proceed their multi-month signifier of little lows and little highs, with the S&P 500 (SPX) and the Nasdaq 100 (QQQ, 595) getting oh-so-close to investigating their cardinal 200-day averages. The SPX is lone 9 points supra the average, portion the QQQ is 3.5 points above. The SPX adjacent and past portion of illustration enactment adjacent existent prices is the November closing debased of 6,539, portion the past enactment of defence for the QQQ sits astatine 585. Some different important mega-cap indices person already busted their 200-day including the Dow Jones Industrials, Nasdaq Composite, S&P 100 (OEX) and the Invesco S&P 500 Top 50 ETF (XLG). The past clip these 4 mislaid their 200-day was successful the archetypal portion of March 2025, during the tariff tantrum. If determination is simply a positive, the longer-term mean is inactive rising arsenic each these indices re-main supra their 50-week average. Sector weakness was wide connected Wednesday, with Consumer Staples, Consumer Discretionary, and Materials disconnected implicit 2%. Crude lipid was erstwhile again the culprit for the banal selloff. Light Sweet Crude (WTI) jumped 4% and is backmost supra $99/barrel, portion Brent skyrocketed astir 8% to implicit $111/barrel, the highest adjacent since the Middle East warfare began implicit 2 weeks ago.