Stock market today: Dow S&P 500, Nasdaq slide after oil benchmark closes above $100 for first time since 2022

Mon, March 30, 2026 at 7:01 PM EDT 1 min read

US stock futures hovered near the flatline Monday night following a broad pullback on Wall Street, with the S&P 500 edging closer to joining the Dow and Nasdaq in technical correction territory.

Contracts linked to the S&P 500 (ES=F) and Dow Jones Industrial Average (YM=F) were little changed, while Nasdaq 100 (NQ=F) futures ticked down 0.1%.

Investor sentiment took a downturn Monday from expanding geopolitical risks. The CBOE Volatility Index (^VIX) has held above 30, an indication of high market anxiety, while oil prices continued to push higher. The US benchmark West Texas Intermediate (CL=F) crude closed above $100 for the first time since 2022 as the US-Israeli war against Iran entered its fifth week.

Markets are laser focused on any developments, particularly on signs of potential de-escalation, while communication from Washington is inconsistent. Comments from US leadership have pointed to potential progress in diplomatic discussions, while Trump also claimed that the US may move to seize control of Iran’s oil.

On the monetary policy front, Federal Reserve Chair Jerome Powell offered reassurance that there is little chance of ‘contagion’ in private credit. indicating that inflation pressures appear contained for now and signaling no immediate need for further rate hikes.

Looking ahead, investors are gearing up for fresh economic data on Tuesday, including the March reading on consumer confidence and February’s Job Openings and Labor Turnover Survey (JOLTS), both of which should provide insight into the health of the US economy.