Stock Market Today: S&P 500, Dow Jones Futures Plunge As Trump Issues Ultimatum To 'Obliterate' Iran—SSR Mining, Nebius, United Airlines In Focus
Benzinga·2026-03-23 09:05

Market Overview - U.S. stock futures declined on Monday following a significant sell-off on Friday, with major benchmark indices showing lower futures [1] - The Dow Jones fell by 0.46%, S&P 500 by 0.58%, Nasdaq 100 by 0.63%, and Russell 2000 by 0.95% [3] Economic Indicators - The 10-year Treasury bond yielded 4.41%, while the two-year bond was at 3.97% [2] - The CME Group's FedWatch tool indicates an 85.5% likelihood of the Federal Reserve maintaining current interest rates in its April meeting [2] Company Performance - United Airlines Holdings Inc. (NASDAQ: UAL) saw a premarket decline of 1.95% after announcing a 5% reduction in scheduled capacity for the second and third quarters, maintaining a strong long-term price trend but weak short and medium-term trends [9] - STMicroelectronics NV is noted for a strong trend across short, medium, and long terms with a moderate value ranking [3] - Nebius Group has a strong price trend over short, medium, and long terms but a poor value score [4] - Cadeler A/S shows a strong trend in long and medium terms but a weak short-term trend, with a solid value score [5] - SSR Mining and Newmont Corporation maintain a weak short-term price trend but strong medium and long-term trends, with a solid quality score [6] Analyst Insights - Mohamed A. El-Erian highlights a shift in the U.S. economy from complacency to concerns over long-term structural damage due to escalating geopolitical tensions, particularly the U.S.-Israel-Iran conflict [10] - El-Erian notes a correlation between rising energy costs and equity losses, with the S&P 500 and Nasdaq experiencing consistent weekly declines [10] - He warns of potential stagflationary signals and emphasizes that the trajectory of the conflict will significantly impact central bank policy and market valuations [11] Commodities and Global Markets - Crude oil futures increased by 1.65% to approximately $99.85 per barrel, while Gold Spot rose by 5.98% to around $4,222.61 per ounce [13] - Bitcoin traded 0.15% lower at $68,576.24 per coin [13] - Asian markets closed lower, with significant declines in indices across South Korea, India, Japan, China, Australia, and Hong Kong [14]

Stock Market Today: S&P 500, Dow Jones Futures Plunge As Trump Issues Ultimatum To 'Obliterate' Iran—SSR Mining, Nebius, United Airlines In Focus - Reportify