Market Report, 2026-03-24

Major stock market indices ended the day in the red after bouncing between gains and losses multiple times, as investors around the world attempted to digest the latest developments in the Middle East. After the market-wide rally triggered yesterday by the announcement of peace talks and the delay of attacks on Iran, we are now seeing a much more confusing picture, with Iranian officials denying any negotiations aimed at ending the conflict, while strikes between Israel and Iran are still reportedly taking place at full scale.

The Dow Jones Industrial Average ended the day at 46,124, down 84 points. The NASDAQ, a tech-heavy index, lost 0.77% to 24,002. The S&P 500, a common investing benchmark, lost 0.37% to 6,556. Sector performance rotated sharply, with energy leading the market with a 2% gain. Materials, utilities, and industrials rebounded from the prior day’s losses. Communication services, real estate, technology, and consumer discretionary—sectors that are heavily software-oriented—were among the losers.

The bond market also retreated as oil prices surged once again. The 5-year U.S. Treasury yield rose 5 basis points to 4.00%, and the 10-year yield rose 3 basis points to 4.37%. Gold ended the day nearly unchanged at the stock market close.

Today’s S&P manufacturing and services survey reports showed that both sectors are growing, with manufacturing accelerating compared to the prior month. These are generally positive signs, as long as the ongoing turbulence does not significantly affect the real economy.

Tomorrow, weekly jobless claims will be released. We will continue to provide the latest updates on developments in the Iran conflict. This is Adams Wealth Advisors, and thank you for listening.