Stock Market Today: Major Indexes Retreat After Rebounding Yesterday; Dow Drops 800 Points; Oil Jumps Further as Iran Claims to Have Attacked Tanker
Investopedia·2026-03-05 17:08

Market Overview - Stocks are expected to open lower with Dow Jones Industrial Average, Nasdaq 100, and S&P 500 futures down 0.6%, 0.4%, and 0.3% respectively [1] - The previous day saw gains in major indices, with Nasdaq up 1.3%, S&P 500 up 0.8%, and Dow up 0.5% [1] Oil Market - Oil prices have surged following U.S. and Israeli attacks on Iran, with West Texas Intermediate crude oil futures rising 3.5% to $77.25 per barrel, marking a 15% increase for the week [2] Treasury and Commodities - The yield on the 10-year Treasury note increased to 4.12% from 4.10%, up from 3.95% last week [3] - Gold futures rose nearly 1% to $5,175 per ounce, while silver futures increased by 1.5% to $84.40 per ounce [3] - The U.S. dollar index was up 0.2% at 98.99 [3] Cryptocurrency - Bitcoin traded around $73,000 after dropping to $63,000 following the attacks on Iran [4] Company Earnings and Stock Movements - Broadcom shares surged 6.5% post-earnings, while Cracker Barrel rose 5.5% and StubHub fell 15% [4] - BJ's Wholesale Club shares fell over 4% in premarket trading due to disappointing fiscal 2026 profit outlook, expecting adjusted EPS between $4.40 and $4.60, below analyst expectations of $4.67 [6] - BJ's reported Q4 adjusted EPS of $0.96 on revenue of $5.58 billion, which was above analyst expectations [6] - Berkshire Hathaway has resumed share buybacks, with new CEO Greg Abel purchasing $15 million worth of stock [8][9] - Berkshire reported a nearly 30% year-over-year drop in Q4 operating earnings to $10.2 billion [10] Retirement Accounts - Average 401(k) balances reached a record high of $167,970, a 13% annual increase, while the median balance rose 16% to $44,115 [11] - Approximately 6% of workers in Vanguard's 401(k) plans accessed emergency funds last year [11]

Broadcom-Stock Market Today: Major Indexes Retreat After Rebounding Yesterday; Dow Drops 800 Points; Oil Jumps Further as Iran Claims to Have Attacked Tanker - Reportify