Stock market today: Dow, S&P 500, Nasdaq sink while oil prices jump as Iran attacks jolt markets

^DJI ^GSPC ^IXIC

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  Paramount plans to harvester Paramount+ and HBO Max successful imaginable situation to Netflix

  Paramount Skydance (PSKY) said Monday greeting that it plans to harvester its Paramount+ streaming level with Warner Bros. Discovery's (WBD) HBO Max erstwhile Paramount's acquisition of WBD closes.

  The determination is simply a imaginable situation to streaming rival Netflix (NFLX), which bowed retired of the contention for WBD aft Paramount raised the terms of its connection to get WBD.

  Shares successful Paramount traded down by astir 3%, portion Netflix banal inched higher.

  In a telephone with investors connected Monday, Paramount CEO David Ellison said the institution doesn't program to chopped accumulation and that his company's acquisition of WBD is "pro-competition, pro-consumer and pro-creative community," according to Bloomberg. Paramount is targeting 15 theatrical films a twelvemonth per workplace for a full of astatine slightest 30 films annually, Bloomberg reported.

  Executives connected the telephone said they expect the woody to adjacent successful the 3rd quarter, and that they expect some companies to person $69 cardinal successful pro-forma gross and $18 cardinal successful estimated net earlier interest, taxes, depreciation, and amortization, with a combined nett of $79 billion, according to Bloomberg.

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  European earthy state prices soar arsenic Iran struggle tightens state flows

  Natural state prices connected the European vigor marketplace (TTF=F) person soared, gaining much than 45% done Monday trading earlier somewhat paring gains arsenic investors measure the struggle successful Iran and the quality that QatarEnergy is halting accumulation of liquified earthy state (LNG).

  Oil (CL=F, BZ=F) is the header commodity hazard for struggle successful the Middle East and disruptions to tanker question done the Strait of Hormuz, a captious planetary shipping chokepoint that runs betwixt the coasts of Iran and Oman. But the corridor is besides cardinal for the state market, arsenic astir 20% of planetary LNG proviso crosses its waters each day.

  Tanker postulation done the Strait has fundamentally halted since the US and Israel began striking Iran aboriginal Saturday morning, already tightening. Iran's Revolutionary Guard Corps person instructed ships not to walk done the corridor, astatine slightest 3 tankers person been attacked, and large insurers person begun denying "war risk" insurance.

  On Monday, Qatar's QatarEnergy, 1 of the largest planetary producers of LNG, announced it was halting operations aft the company's facilities were struck by drones. Qatar itself is liable for astir 20% of the world's LNG trade.

  The intermission successful Qatar, alongside the stoppage of postulation of already-loaded LNG done the Strait, has enactment immense unit connected the European market.

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  Defense and vigor names are starring stocks early

  The archetypal 90 minutes of trading is showing immoderate wide patterns — immoderate expected, immoderate not.

  Defense and vigor names are topping the S&P 500 (^GSPC), with Palantir (PLTR) and its heavy connections to the US authorities astatine the apical — up 6%. Axon (AXON), Northrop Grumman (NOC), RTX (RTX), and L3Harris (LHX) are besides leaders (up 2%-4%).

  In energy, Marathon Petro (MPC), APA (APA), Defon (DVN), Valero (VLO) and ConocoPhillips (COP) are each up 3-4%.

  Interestingly, bitcoin is rallying successful the look of dollar strength, catapulting Strategy (MSTR) to the apical of the Nasdaq 100 Index (^NDX) — up 7%. And successful the S&P 500, Coinbase (COIN) is the #3 gainer — up 4%.

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  S&P 500 investigating cardinal method enactment aft stocks unfastened weak

  Large-cap vigor (XLE) opened with a 3.5% gain, which has faded to 1% successful the opening minutes.

  To the downside, user discretionary (XLY), materials (XLB), financials (XLF), and connection services (XLC) are each disconnected 1% oregon more.

  SNP - Free Realtime Quote • USD

  6,880.01 +1.13 (+0.02%)

  As of 11:50:03 AM EST. Market Open.

  ^GSPC XLE XLY

  Meanwhile, the S&P 500 scale (^GSPC) itself opened with a 1% nonaccomplishment close astir the large 6,800 level — but it's present rebounded. This is the 4th trial of 6,800 this twelvemonth and is 1 to ticker into the close.

  The sideways trading ranges successful the S&P and the Nasdaq (^IXIC) person been frustrating the bulls and the bears since precocious past year.

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  US stocks tumble astatine the unfastened arsenic Iran attacks spiral

  The large US banal indexes careened into the reddish astatine the opening doorbell connected Monday arsenic investors fled to safe-haven assets. The tumble comes arsenic the US-Iran struggle continues to broaden out, engulfing an progressively ample portion of the Middle East.

  The Dow Jones Industrial Average (^DJI) fell by 1.1%, oregon conscionable implicit 500 points. Meanwhile, the S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) sank 0.9% and 0.8%, respectively.

  DJI - Free Realtime Quote • USD

  48,941.99 -35.93 (-0.07%)

  As of 11:50:03 AM EST. Market Open.

  ^DJI ^GSPC ^IXIC

  Oil prices surged connected Monday, arsenic Brent crude (BZ=F) jumped by arsenic overmuch arsenic 13% to apical $82 a tube earlier somewhat paring backmost gains. West Texas Intermediate futures (CL=F) changed hands conscionable beneath $73, up astir 8%. While Iran is OPEC’s fourth-largest producer, markets are besides bracing for sustained disruption successful the cardinal Strait of Hormuz, wherever tanker postulation is astatine a standstill.

  In Europe, state futures (TTF=F) — heavy exposed to disruption to state flows done the Strait of Hormuz — exploded higher by much than 45%.

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  Crude oil, gold, dollar leap arsenic stocks acceptable to unfastened red

  The dollar (DX-Y.NYB) and golden futures (GC=F) are some bid arsenic we await the opening doorbell for stocks — a reminder that currency and bullion tin rally unneurotic erstwhile investors scramble for harmless havens.

  98.68 +1.07 (+1.09%)

  As of 11:40:02 AM EST. Market Open.

  Besides golden (and metallic to a constricted extent), crude lipid is besides surging. WTI (CL=F) is ripping connected evident supply-risk fears tied to geopolitics, and it’s dragging vigor stocks higher adjacent arsenic astir sectors are acceptable to unfastened successful the red.

  The twist: semipermanent US Treasurys yields (^TNX, ^TYX) are spiking arsenic bonds are getting dumped, not bought. That’s arsenic investors request other output for longer-term hazard (what's called the word premium) — positive systematic strategies dialing down longer-term (duration) vulnerability arsenic volatility rises.

  Geopolitical shocks often slice accelerated successful markets, but immoderate linger. Watch the Cboe Volatility Index (^VIX) supra 20 arsenic a gauge of organization hedging request (read: skittishness).

• Nvidia invests $4 cardinal successful Coherent, Lumentum to beforehand next-gen AI information centers

  Nvidia (NVDA) said it struck 2 strategical partnerships with photonics companies Coherent (COHR) and Lumentum (LITE) connected Monday successful an effort to make and unafraid entree to state-of-the-art optics exertion for the adjacent procreation of AI information centers.

  Nvidia banal fell 1.2% successful premarket trading pursuing the announcement, portion Coherent shares jumped astir 8% and Lumentum banal besides surged implicit 7%.

  Nvidia agreed to put $2 cardinal successful Coherent to enactment the company's aboriginal operations arsenic it expands its US manufacturing capabilities. As portion of the agreement, Nvidia made a multibillion-dollar acquisition committedness and received rights to entree precocious laser and optical networking products successful the future.

  The Santa Clara-based institution besides announced a akin concern with Lumentum, besides investing $2 cardinal to enactment probe & improvement and a caller fab based successful the US.

  Nvidia has been rapidly scaling up its networking concern and is betting that the comparatively smaller photonics manufacture tin assistance it marque large-scale AI networks much vigor efficient, reducing a bottleneck connected artificial quality growth.

  “Computing has fundamentally changed," Nvidia CEO Jensen Huang said successful a statement. "In the property of AI, bundle runs connected quality with tokens generated successful existent clip by AI factories for each enactment and each context. With Coherent, NVIDIA is pioneering next-generation silicon photonics to alteration AI infrastructure astatine unprecedented scale, velocity and vigor efficiency.”

• Morgan Stanley’s Wilson says Iran improbable to dent bullish view

  From Bloomberg:

  SNP - Free Realtime Quote • USD

  6,880.01 +1.13 (+0.02%)

  As of 11:50:03 AM EST. Market Open.

  Read much here.

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  Premarket trending tickers: Norwegian Cruise Line, Berkshire, and American Airlines

  Norwegian Cruise Line Holdings Ltd. (NCLH) banal fell 7% earlier the doorbell connected Monday. The cruise enactment released its 4th fourth earnings, and contempt beating expert estimates, the group's banal fell arsenic investors disquieted astir the emergence of lipid prices driving up substance costs. Royal Caribbean (RCL) shares besides fell 5% during premarket hours today.

  Berkshire Hathaway's (BRK-B) stock fell 1% during premarket hours pursuing the merchandise of its 4th fourth net connected Saturday. Berkshire's operating nett aft taxes fell 30% from a twelvemonth ago.

  American Airlines' (AAL) stock fell 5% earlier the doorbell connected Monday, arsenic the emergence successful lipid prices caused interest among investors that substance costs would increase.

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  Gold surges supra $5,400 arsenic request for safe-haven plus jumps amid Iran conflict

  Gold futures (GC=F) roseate connected Monday, trading supra $5,400 per ounce arsenic the ongoing struggle successful the Middle East caused investors to determination toward safe-haven assets.

  COMEX - Delayed Quote • USD

  5,320.70 +72.80 (+1.39%)

  As of 11:40:02 AM EST. Market Open.

  Yahoo Finance's Ines Ferré reports:

  Read much here.

• Treasurys retreat arsenic ostentation interest eclipses haven buying

  The 10-year Treasury output is rising alongside those for US bonds much broadly, adjacent arsenic the spiraling US-Iran struggle sparks a risk-off temper successful markets.

  From Bloomberg:

  Read much here.

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  Dollar rallies arsenic oil's surge curbs bets connected Fed complaint cuts

  The dollar (DX=F) roseate against different currencies arsenic precocious lipid prices led investors to deliberation the Federal Reserve won't chopped rates soon.

  Bloomberg News reports:

  Read much here.

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  Tesla gains marketplace stock successful France, Norway successful February

  Tesla (TSLA) gained marketplace stock again successful France and Norway successful February, according to authoritative data, successful a motion of stabilization successful Europe aft 2 years of declining sales. Tesla banal fell 2% earlier the doorbell connected Monday.

  Reuters reports:

  Read much here.

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  Defense stocks jump, airlines descent arsenic Iran onslaught jolts markets

  Airline, hotel, and defence stocks began to respond to the Iran struggle connected Monday during premarket hours. Lockheed Martin (LMT) shares roseate 7% earlier the doorbell connected Monday, alongside RTX (RTX). BAE Systems' (BA.L) London shares were up 5%.

  Energy companies besides saw their stocks jump, with New Fortress Energy (NFE) shares rising 15% successful premarket trading. Oil large Equinor ASA (EQNR) roseate 4%.

  NYSE - Nasdaq Real Time Price • USD

  672.44 +17.81 (+2.72%)

  As of 11:50:03 AM EST. Market Open.

  Bloomberg News reports:

  Read much here.

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  Gold prices astir anterior Middle East wars

  Gold (GC=F) prices catching a beardown bid this greeting to implicit $5,400 an ounce.

  Helpful illustration from JPMorgan showing however golden prices person reacted astir anterior Middle East conflicts:

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  JPMorgan weighs successful connected upside hazard to lipid prices

  The JPMorgan squad sees upside imaginable for lipid (CL=F, BZ=F) prices to $120 a tube if the warfare spreads passim the Middle East:

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  Early Yahoo Finance trending tickers pursuing US attacks connected Iran

  No astonishment here, immoderate of the astir visited ticker pages connected Yahoo Finance this greeting see Exxon Mobil (XOM), Lockheed Martin (LMT), Chevron (CVX) and Occidental Petroleum (OXY).

  You tin cheque retired the afloat database of names here.

  Some adjuvant charts from EvercoreISI connected the exposures for the lipid majors.

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  Where Goldman sees lipid prices headed

  Oil (CL=F, BZ=F) prices person surged this greeting station the motorboat of the US attacks connected Iran.

  Goldman thinks a bully woody of upside whitethorn beryllium near for prices:

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  Goldman Sachs connected the markets amid Operation Epic Fury

  How Goldman is reasoning astir the markets successful the aftermath of the US attacks against Iran:

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  Trump pushes for Iran enactment alteration arsenic Tehran stays defiant

  President Trump said connected Sunday that the bombing against Iran volition proceed for respective weeks and called for Tehran's leaders to surrender. But Iran's information main said it has nary volition of negotiating with the US.

  Blasts continued crossed Bahrain, Kuwait, the United Arab Emirates, and Qatar, arsenic the Gulf states intercepted missiles launched by Iran successful retaliation for the US-Israeli strikes, showing the warfare is spreading beyond Iran's borders. The struggle has entered its 3rd time since US-Israeli forces began airstrikes against Iran implicit the weekend.

  Trump is calling connected Iran's leaders to manus powerfulness to the nation's people, and The Atlantic said Trump has agreed to talk with Iran's caller leadership.

  Bloomberg News reports:

  Read much here.