Stock market today: Dow, S&P 500, Nasdaq futures fall as four week down spiral continues, Trump threatens Iran

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Sun, March 22, 2026 astatine 6:01 PM CDT 1 min read

US banal futures slid Sunday evening with the US-Israeli warfare successful Iran maintaining downward unit aft US equities notched a 4th consecutive week of losses.

Futures tied to the Dow Jones Industrial Average (YM=F) dropped 143 points, oregon 0.3%. S&P 500 futures (ES=F) declined 0.4%, portion Nasdaq 100 futures (NQ=F) fell 0.5%.

CBOT - Delayed Quote USD

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As of 7:10:01 PM EDT. Market Open.

YM=F NQ=F ES=F

For the week, the Dow (^DJI) and Nasdaq (^IXIC) each dropped astir 2%, portion the S&P 500 (^GSPC) mislaid 1.5%. The Dow’s four-week skid marks its longest losing streak since 2023.

The determination little comes arsenic the Iran struggle enters its 4th week, with risks intensifying implicit the weekend. President Donald Trump has openly stated "I don't privation to bash a ceasefire" arsenic convulsive rhetoric betwixt the US and Iran intensifies with small signs of slowing. Trump besides stated that if the Strait of Hormuz remains closed helium volition bid attacks connected Iranian vigor infrastructure successful a deviation from the US warfare program to date.

Oil markets proceed to rise, with sound connected spikes successful user spending, the Fed's ostentation outlook, and crossed industries. West Texas Intermediate (CL=F) crude futures roseate 0.5%, portion Brent (BZ=F) crude, the planetary benchmark, climbed 0.5% to implicit $110 a barrel.

Market outlook is progressively antiaircraft with Friday bringing an update to the University of Michigan's user sentiment scale alongside reports connected abbreviated and semipermanent ostentation expectations.

In economical releases, attraction volition besides crook to the S&P Global Flash US PMI study owed Tuesday, with clues connected however businesses are responding to mounting uncertainty.

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Oil trades down arsenic Trump threatens Iran powerfulness infrastructure, Goldman Sachs raises terms targets

Oil traded flimsy beneath past week's closing prices astatine the commencement of futures trading connected Sunday, with astir 24 hours to spell connected President Trump's 48-hour ultimatum to Iran.

Futures prices connected Brent crude (BZ=F), the planetary pricing benchmark, initially surged but rapidly gave up gains successful the minutes aft the unfastened connected Sunday, trading astir $106 per barrel. Those connected US benchmark West Texas Intermediate crude (CL=F) changed hands astir $97.90 per barrel.

In a station connected Truth Social astatine 6:45 p.m. ET connected Saturday, President Trump said Iran had 48 hours to "FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz," oregon other "within 48 HOURS from this nonstop constituent successful time, the United States of America volition deed and obliterate their assorted POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!"

The menace by the US president comes aft a week of attacks by the Iranian authorities against vigor infrastructure passim the Gulf, including Qatar's Ras Laffan LNG export terminal — the world's largest specified facility.

In a enactment to clients connected Sunday evening, Goldman Sachs' lipid desk, led by caput of lipid probe Daan Struyven, raised its terms targets for oil, present looking for Brent to commercialized astatine $110 per tube done March and April, up from a erstwhile telephone for $98 per tube implicit the aforesaid timeframe nether the presumption that "Hormuz flows stay astatine lone 5% of mean levels for a longer 6-week play earlier a gradual 1-month recovery."

The slope is present assuming an mean 2026 terms of $85 and $79 per barrel, respectively, for Brent and WTI, up from erstwhile estimation of $77 and $72 per tube for the 2 benchmarks. In 2027, Goldman expects Brent and WTI to mean $80 and $75 per barrel, respectively.

"In the short-run, the marketplace is apt to necessitate a increasing hazard premium to make precautionary request demolition to hedge against shortages successful longer disruptions hazard scenarios," Goldman's Struyven, Yulia Grigsby, and Alexandra Paulus wrote.

"A designation of the risks from the precocious attraction of accumulation and spare capableness is apt to pb to structurally higher strategical stockpiling and long-dated prices."