On March 10, 2026, the S&P 500 Index is up by 0.80%, the Dow Jones by 0.88%, and the Nasdaq 100 by 0.93%, as bond yields decrease following a slowdown in the US labor market. The 10-year Treasury note yield dropped to 4.20%, influenced by the ADP employment report indicating a modest increase of just 9,000 jobs for the week ending February 28.
Crude oil prices rose over 1% due to renewed Iranian attacks on key energy infrastructure in the Middle East, impacting operations at the Shah gas field in the UAE. The ongoing war with Iran has disrupted approximately 7.5% of global oil supply, with forecasts suggesting potential prices exceeding $150 per barrel if the Strait of Hormuz remains affected.
The two-day FOMC meeting has commenced, with expectations for the Federal Reserve to maintain the current interest rate range of 3.50%-3.75%. Meanwhile, overseas stock markets are mixed; the Euro Stoxx 50 is up by 0.89%, while China’s Shanghai Composite fell by 0.85%.
