Markets Pull Back as Iran Tensions Flare and Energy Prices Surge

Market Overview and Afternoon ActionU.S. equity markets are experiencing a significant pullback during afternoon trading this Thursday, March 26, 2026, as investors grapple with escalating geopolitical tensions in the Middle East and a resilient labor market that suggests interest rates may remain "higher for longer." The optimistic rally seen during Wednesday's session has largely evaporated following reports that Iran rejected a 15-point U.S.-led ceasefire proposal, labeling it "one-sided and unfair."As o ...