Investors·2026-03-07 22:02Market Overview - The stock market experienced significant volatility and losses due to the Iran war, with oil prices surging and raising global economic concerns [1] - The Dow Jones Industrial Average fell 3% last week, marking its worst performance in 11 months, while the small-cap Russell 2000 dropped 2.33% to a two-month low [1] - The S&P 500 index decreased by 2% and the Nasdaq composite by 1.2%, with the Nasdaq closing at its lowest level of 2026 [1] Oil Market Impact - U.S. crude oil futures surged 35.6% to $90.90 per barrel, the highest weekly gain since 1983, while U.S. natural gas futures increased by 11.4% [1] - European natural gas prices skyrocketed by 67%, significantly impacting fertilizer production [1] - U.S. gasoline futures rose by 20.2%, indicating a forthcoming increase in pump prices [1] Key Stocks and ETFs - Palantir Technologies stock rose 15.6% to 157.16, benefiting from a rebound in software and defense sectors [2] - General Dynamics stock increased by 1.8% to 363.49, approaching a buy point of 369.70 [2] - Broadcom stock gained 3.4% to 330.45, rebounding above its 200-day moving average [2] - The iShares Expanded Tech-Software Sector ETF (IGV) increased by 7.75%, while the VanEck Vectors Semiconductor ETF (SMH) fell by 6.35% [1] Sector Performance - Defense and energy stocks generally performed well, while airlines suffered due to disrupted flights and rising fuel costs [1] - The software sector continued to rebound, supported by positive earnings reports [1] - The CBOE Volatility Index (VIX) rose significantly, indicating increased market uncertainty [1]