Live Markets: Wall Street pulls back from records with oil up on fresh Middle East turmoil

Datadog

03/06/2026 15:32

Wall Street indexes pull back with Dow off most
Energy leads S&P 500 sector gainers; Financials fall most
Euro STOXX 600 index off ~0.5%
Dollar gains; US crude up >1%; gold dips; bitcoin off ~1%
US 10-year Treasury yield edges up to ~4.47%
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WALL STREET PULLS BACK FROM RECORDS WITH OIL UP ON FRESH MIDDLE EAST TURMOIL 
After achieving their latest in a spate of record closing highs in the prior session, Wall Street's three main indexes are in reverse early on Wednesday as technology stocks let off some steam and oil prices rise as attacks in the Middle East do nothing for hopes that a peace agreement could be reached.

    Gulf hostilities flared again on Wednesday as Iranian attacks on Kuwait damaged its airport and injured dozens while the U.S. military carried out strikes near the Strait of Hormuz, with diplomacy to halt the war showing little sign of progress. Meanwhile, U.S. President Donald Trump acknowledged calling Israeli Prime Minister Benjamin Netanyahu crazy in an expletive-filled phone exchange over Israel's attacks in Lebanon.
It should be noted that the modest drop in the tech-heavy Nasdaq Composite .IXIC and the benchmark S&P 500 .SPX follows nine straight days of gains for both. The Dow .DJI is easing after a five-session winning streak.
Still, under the hood most of the S&P 500's 11 major industry sectors are rallying or at least above water with energy .SPNY leading gains, up more than 1%, and consumer staples .SPLRCS next, up nearly 1%.
The biggest loser is technology .SPLRCT, which also marked a closing record on Tuesday. Its biggest percentage decliner is Datadog DDOG.O, which is in its second day of declines after a strong recent rally with much of the software sector. 
As Reuters reports, the tech sector's steep gains in the past two months present risks for the broader market as it now accounts for more than 39% of the S&P 500's market capitalization, which is its highest on record and above the level it reached during the 2000 internet bubble. 
Here is your opening snapshot from 10:25 a.m. ET/1425 GMT: 
(Sinéad Carew)
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EARLIER ON LIVE MARKETS:
NINE DAYS UP: NASDAQ ROLLS ON, BUT WARNING LIGHTS FLICKER CLICK HERE
HALF TIME IN EUROPE CLICK HERE
HUNTING FOR BOND-MARKET BARGAINS CLICK HERE
DEUTSCHE BANK PICKS TOP WORLD CUP PLAYERS OFF THE SOCCER PITCH CLICK HERE
NO SUNSHINE IN THE WORLD BEYOND AI CLICK HERE
EUROPE BEFORE THE BELL: OIL GAINS AS GULF HOSTILITIES FLARE; AN AI STAR IS BORN CLICK HERE
MARVELL, A FITTING NAME FOR THE LATEST AI DARLING CLICK HERE
     

Wall Street indexes pull back from records https://fingfx.thomsonreuters.com/gfx/mkt/lgpdgdbgwvo/Pasted%20image%201780496697258.png
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