Why Are Stock Market Futures Down Today, 3/9/26?

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U.S. stock futures edged lower Monday night despite improving sentiment, as investors kept a close watch on developments in Iran and the broader Middle East conflict. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average DJIA +0.87% ▲ , and the S&P 500 Index (SPX) were down 0.45%, 0.42%, and 0.44%, respectively, at 7:52 p.m. EST on March 9.

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Major U.S. stock indices staged a massive rebound on Monday, closing in positive territory after erasing steep early-morning losses. The market turnaround was fueled by optimistic comments from President Trump, suggesting the conflict with Iran could be nearing an end. The Nasdaq Composite, the S&P 500, and the Dow Jones gained 1.4%, 0.8%, and 0.5%, respectively.

He added that the U.S. is well ahead of the earlier four-to-five-week timeline and is considering taking control of the Strait of Hormuz. After those comments, oil prices dropped sharply. West Texas Intermediate (WTI) crude slid to about $89 per barrel after jumping above $100 overnight and briefly reaching around $119. Brent crude also pulled back to about $84 per barrel.

Looking ahead, traders await the release of the NFIB optimism index and the existing-home sales report on Tuesday. Meanwhile, NIO NIO +3.35% ▲ , Oracle ORCL -0.92% ▼ , AeroVironment AVAV -1.09% ▼ , and Kohl’s KSS -2.12% ▼ will report results tomorrow.

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