Palantir, Energy Stocks Rally, Cruise Lines Tumble On US And Israeli-Iran War: What's Moving Markets Monday?
Benzinga·2026-03-02 18:19

Market Performance - Wall Street traded firmly higher, with the Nasdaq 100 gaining 0.3% to 25,025, the S&P 500 rising 0.1% to 6,890, and the Dow Jones hovering near flat at around 49,000 [1] - Small caps outperformed, with the Russell 2000 climbing 0.5% to 2,645.61 [2] - Palantir Technologies Inc. topped the S&P 500, rising 6.5% [3] Sector Performance - Defense-linked names led gains, with the SPDR S&P Aerospace & Defense ETF climbing 2% [2] - The energy sector gained about 1.3%, with Marathon Petroleum Corp. emerging as the best gainer with a 4.5% advance [3] - Travel-linked shares lagged, with the U.S. Global Jets ETF dropping 2.2% [3] Commodity and Currency Movements - Oil rallied 5.1% to $70 per barrel, although it showed some cooling price momentum after briefly touching $75 [3] - The U.S. dollar strengthened 0.9% [4] - Gold rose 0.5% to $5,300 per ounce, while silver sank 6% to $88 per ounce [4] - Bitcoin rallied 5.2% to $69,150 [4] Treasury Market - Treasury markets saw heavy selling, with the 10-year yield jumping 11 basis points to 4.07%, marking the largest one-day increase since April [4]

Carnival -Palantir, Energy Stocks Rally, Cruise Lines Tumble On US And Israeli-Iran War: What's Moving Markets Monday? - Reportify