Your Evening Briefing

March 09, 2026

Stocks swing positive as Trump says that the Iran war could be over soon

The S&P 500, Nasdaq 100, and Russell 2000 jumped higher, trimming significant losses, as Weijia Jiang, CBS’s senior White House correspondent, reported that President Trump said, “I think the war is very complete, pretty much.”

A spike in semiconductors helped power the tech sector to be the day’s best performer, while the financials and energy sectors fared the worst as crude oil dropped. All Magnificent 7 stocks finished in the green.

Bitcoin held steady amid geopolitical uncertainty.

Stocks that moved higher:

Hims & Hers surged on reports that the telehealth company will sell Novo Nordisk’s weight-loss drugs on its platform.
Nvidia rose as Leo KoGuan, billionaire Tesla bull, posted on X that he purchased another 1 million shares.
Data center equipment maker Vertiv Holdings, photonic companies Lumentum and Coherent, and telecom company EchoStar rose after S&P Dow Jones Indices announced on Friday that the four companies will join the S&P 500, replacing Match Group, Molina Healthcare, Lamb Weston, and Paycom Software.
Infleqtion jumped after announcing an expansion of work in its partnerships with Department of Energy national laboratories.
Aureus Greenway Holdings, a holding company for golf courses in Florida, whose shareholders include the Eric Trump and Donald Trump Jr.’s American Ventures and investment bank Dominari Securities, rose on news of a reverse merger with Powerus, a drone tech company. Unusual Machines, a drone components company in which Donald Trump Jr. is a shareholder and advisory board member, also rose on its involvement in the deal.
Live Nation jumped on news that it reportedly reached a settlement with DoJ in an antitrust battle that could have forced the company to sell Ticketmaster.
Shares of air-taxi makers Joby Aviation, Archer Aviation, and Beta Technologies climbed in Monday afternoon trading following the Department of Transportation’s announcement of their inclusion in the eVTOL Integration Pilot Program (eIPP).

Why extreme oil price volatility sets off alarm bells for markets and the economy

Nearly every time front-month Brent futures have risen or fallen 30% or more in a month, that’s been accompanied by above-average stock market volatility. In most cases, it’s either coincided with or been soon followed by a recession. Read more.

What to look for in Oracle’s Q3 earnings

Oracle will release third-quarter earnings Tuesday, amid confusion over an OpenAI data center deal, looming layoffs, and fears of runaway capex.

Read more.

Alphabet ties a portion of Sundar Pichai’s pay to Waymo for the first time
By tying up to $260 million of its CEO’s pay to Waymo, Alphabet is making clear the autonomous vehicle unit is no longer just an “Other Bet.”
Anthropic sues the US government
In response to the Pentagon’s unprecedented, punitive determination that Anthropic is a national security supply chain risk, the AI startup has sued the US government.
China’s smartphone slump could strengthen Apple
As memory costs drive up prices on the low end, Apple’s new $599 iPhone could gain market share.
As the S&P 500 announces new members, index investors could get exposure to SpaceX
This is kind of unusual.
Amazon’s autonomous ride-hailing service now testing in 10 markets
It’s available to the public in Las Vegas and to select riders in the Bay Area.
Microsoft will use Anthropic’s Claude to power “Copilot Cowork”
The productivity software giant is turning to an AI startup to help its users control its apps.
“Tesla killer” Slate Auto switches CEOs ahead of launch later this year
Chris Barman is out. Former Amazon Marketplace Vice President Peter Faricy is in.
Perpetual futures grow beyond crypto
As “perps” expand to traditional finance, here’s how the derivatives function, where risks lie, and how it differs from conventional futures contracts.
Timothée Chalamet has upset opera and ballet fans a week before the Oscars
The actor’s comments have riled up the classical arts communities with the Academy Awards fast approaching.

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