Stock market today: Dow, S&P 500, Nasdaq rise as oil tops $100 again, Fed meeting kicks off

^DJI ^GSPC ^IXIC

• 

  US stocks summation astatine the unfastened connected Tuesday

  The US banal marketplace roseate into the greenish astatine the commencement of Tuesday's trading league arsenic escalating struggle successful the Middle East pushed lipid prices higher.

  The Dow Jones Industrial Average (^DJI) led gains with a pick-up of astir 0.9%. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) some picked up a somewhat slimmer 0.6%.

  DJI - Free Realtime Quote • USD

  47,367.93 +421.52 (+0.90%)

  As of 9:50:04 AM EDT. Market Open.

  ^DJI ^GSPC ^IXIC

  Brent crude futures (BZ=F) traded adjacent $102 astatine the unfastened aft an earlier leap higher, portion West Texas Intermediate (CL=F) crude traded adjacent $94. Early Tuesday morning, the nationalist mean for US diesel topped $5 a gallon for the archetypal clip since December 2022.

  The vigor terms outlook volition complicate the outlook for the Federal Reserve, which begins its two-day gathering connected Tuesday, with its 2nd argumentation determination of the twelvemonth and comments from Chair Jerome Powell expected connected Wednesday. Markets are pricing successful 99% likelihood of rates remaining astatine existent levels, according to CME FedWatch.

  In the firm world, Tencent (TME), DocuSign (DOCU), and Oklo (OKLO) volition study net connected Tuesday.

• 

  Warner Bros. CEO David Zaslav acceptable to person up to $887 cardinal for navigating large M&A deal

  For successfully navigating 1 of the hottest media M&A deals successful years, Warner Bros. Discovery (WBD) CEO David Zaslav is acceptable to beryllium paid up to astir $886 cardinal if Paramount Skydance (PSKY) closes its acquisition of the storied movie workplace and streaming platform, according to regulatory filings.

  Just earlier the extremity of February, Warner Bros. agreed to a afloat acquisition by Paramount Skydance astatine $31 per stock successful a woody valued astatine astir $110 billion.

  The announcement brought to a adjacent a high-stakes conflict betwixt Paramount and streaming elephantine Netflix (NFLX) for power of Warner Bros., during which some offered progressively amended terms.

  If the woody closes, Zaslav volition person $517.2 cardinal successful unvested equity that would trigger if and erstwhile the merchantability goes through, on with $115.8 cardinal successful vested equity and astir $34.2 cardinal successful cash. The Warner Bros. CEO volition besides get astir $335.4 cardinal successful taxation reimbursements.

  Gunnar Wiedenfels, the main fiscal serviceman of WBD, is acceptable to person $120 cardinal successful full compensation.

  Chief gross serviceman Bruce Campbell and streaming and games CEO Jean-Briac Perrette are acceptable to person $121.5 cardinal and $142 million, respectively.

• 

  Ahead of rate-setting meets, cardinal bankers look dilemma of sticky ostentation and dilatory growth

  As respective of the world's large cardinal banks hole to marque a determination implicit wherever to usher rates this week, policymakers find themselves facing the dual unit of an vigor situation spurred by the warfare successful Iran: upward unit connected header ostentation and a maturation daze perchance coming down the road.

  That has thrust the world's large cardinal banks into a familiar — and profoundly uncomfortable — position.

  Just arsenic ostentation pressures were easing and policymakers were preparing to determination toward complaint cuts, a surge successful vigor prices (BZ=F, CL=F) driven by disruptions successful the Middle East is complicating the planetary outlook. The effect is simply a worsening argumentation dilemma: rising ostentation risks connected 1 side, and slowing economical maturation connected the other.

  That trade-off volition beryllium successful absorption this week arsenic the Federal Reserve, the European Central Bank, and the Bank of England each clasp intimately watched argumentation meetings. Switzerland's cardinal slope is besides acceptable to determine connected rates.

  Economists broadly expect each 4 institutions to support borrowing costs unchanged, adopting the wait-and-see stance Fed Chair Jerome Powell has emphasized implicit the past year. But the renewed vigor daze — tied to attacks connected infrastructure and shipping disruptions that person roiled planetary lipid markets — is already shifting expectations astir however rapidly policymakers tin determination to enactment growth.

  Read much here.

• 

  Mastercard volition bargain stablecoin institution BVNK successful $1.8 cardinal acquisition

  Mastercard (MA) is buying the stablecoin infrastructure supplier BVNK successful an acquisition valued astatine astir $1.8 billion. Shares remained astir level connected the news.

  The woody "further expands Mastercard’s end-to-end enactment of integer assets and worth question crossed currencies, rails and regions," Mastercard said successful a property merchandise announcing the deal, adding to the payments giant's propulsion into integer assets.

  Earlier successful March, Mastercard announced a concern web with a big of integer assets and cryptocurrency firms, including Circle and Binance, designed to link the integer assets satellite to Mastercard's accepted payments infrastructure.

  Today's woody to get BVNK furthers Mastercard's ambitions to physique "highly unafraid and compliant outgo orchestration betwixt fiat and integer currencies crossed aggregate chains," Mastercard said successful its property release.

• Bitcoin surprises arsenic oasis of calm portion Iran warfare jolts markets

  Bloomberg reports:

  Read much here.

• Delta rises aft lifting gross guidance for Q1

  Delta (DAL) banal roseate 4% aft the hose raised its gross people for the archetypal 4th owed to increasing user and firm demand. Delta besides said it is well-positioned to upwind the existent situation of higher substance costs.

  The Wall Street Journal reports:

  Read much here.

• Zuckerberg and Meta particulate disconnected a classical playbook

• 

  Diesel prices apical $5 a gallon arsenic Iran warfare pressures refined products

  The US nationalist mean for diesel prices crossed $5 per gallon connected Tuesday to scope $5.044, marking a caller level of accent for the US substance marketplace spurred by the warfare successful Iran.

  The terms is up from $3.651 per gallon a period ago, according to AAA data.

  Diesel is 1 of the mainstays of the US economy, fueling the trucks, trains, ships, and different transport that determination goods crossed the country. Spikes successful diesel prices oregon proviso thin to ripple rapidly done freight costs, agriculture, and yet user inflation.

  While the warfare has enactment immense accent connected crude lipid prices (BZ=F), its interaction whitethorn tally adjacent deeper successful these areas, Goldman Sachs commodities strategists wrote successful a enactment to clients published precocious Monday.

  A premix of shutdowns astatine refineries successful the Middle East, driven by some nonstop harm and precautionary measures, has taken astir 2.2 cardinal barrels per time of planetary refining capableness offline, strategists Yulia Zhestkova Grigsby and Daan Struyven said.

  At the aforesaid time, the effectual closure of the Strait of Hormuz has steeply chopped into the astir 3.3 cardinal barrels per time of refined products that are typically exported done the cardinal waterway. That's on with the 12.8 cardinal bpd of crude lipid that exits the Strait to get astatine Asian refineries.

  Higher tanker freight rates and earthy state prices (NG=F), on with a bevy of precocious implemented planetary commercialized policies and tariffs, could besides enactment upward unit connected refined products pricing.

  "Prices person rallied overmuch much for galore refined products than for crude," the strategists wrote. "While we spot the largest nonstop effects from the deed to Persian Gulf refined products exports for European pitchy substance and Asian naphtha, terrible disruptions successful medium-heavy crude supplies airs ample downside risks to planetary accumulation of diesel, pitchy fuel, and substance oil."

• Premarket trending tickers: Nebius, Uber, Tandem Diabetes, and Micron

  Nebius (NBIS) stock fell 5% during premarket hours connected Tuesday aft the AI infrastructure steadfast announced it volition rise $3.75 cardinal via a convertible indebtedness offering. This latest quality follows announcements that Meta (META) has signed a woody with Nebius worthy $27 billion, and Nvidia (NVDA) volition put $2 cardinal successful the company.

  Uber (UBER) banal roseate 2% earlier the doorbell connected Tuesday aft Nvidia (NVDA) released quality that the ride-hailing institution volition statesman rolling retired a fleet of Level 4 autonomous vehicles successful Los Angeles and San Francisco successful 2027.

  Tandem Diabetes (TNDM) banal roseate astir 5% during premarket hours connected Tuesday aft an expert astatine Piper Sandler upgraded the institution to Overweight from Neutral with a terms people of $33, up from $21. The upgrade was based connected Tandem's pharmacy pricing payment and its opportunities wrong planetary markets.

  Micron Technology (MU) banal roseate 1% earlier the doorbell contiguous aft surging 5% connected Monday aft the integer representation institution announced plans to physique a 2nd spot manufacturing installation successful Taiwan.

• Goldman Sachs warns oil’s biggest daze volition wounded fuels most

  Bloomberg reports:

  The largest lipid marketplace daze connected grounds triggered by the warfare successful the Middle East is acceptable to person a greater interaction connected products specified arsenic pitchy substance and diesel than connected crude, according to Goldman Sachs Group Inc.

  “Prices person rallied overmuch much for galore refined products than for crude,” analysts Yulia Zhestkova Grigsby and Daan Struyven said successful a note. The terrible disruptions seen successful supplies of alleged medium-heavy crude airs the hazard of little accumulation of diesel, pitchy substance and substance oil, they said.

  ... “No products oregon regions are afloat immune,” the Goldman analysts said. The warfare was hurting the quality of Persian Gulf producers to export refined products, spurring refinery outages, and slashing flows of the types of crude that are champion suited to making fuels specified diesel, they said.

  “Nearly 60% of emblematic crude exports from the Persian Gulf are mean and dense crude (typically utilized to nutrient pitchy fuel, diesel, and substance oil), with overmuch much constricted alternate producers extracurricular the Middle East,” they said.

  Read much here.

• Citigroup cuts 12-month bitcoin, ether targets arsenic US crypto authorities stalls

  Reuters reports:

  Citigroup chopped its 12-month forecast for bitcoin (BTC-USD) and ethereum (ETH-USD), citing dilatory U.S. legislative advancement that narrows the model for regulatory ‌catalysts expected to boost ETF-driven request and broader organization adoption.

  Progress connected ‌US crypto market-structure authorities has stalled successful the Senate, with the Clarity Act's chances of transition declining ​over disagreements connected stablecoin rules and a shrinking model for support successful 2026.

  The Wall Street brokerage lowered its 12-month bitcoin terms forecast to $112,000 from $143,000 and its ethereum estimation to $3,175 from $4,304.

  ... Citi said that nether a recessionary macro backdrop, bitcoin ⁠could driblet to $58,000 and ether to $1,198, portion its bull case, driven by stronger end-investor demand, puts bitcoin arsenic precocious arsenic $165,000 and ether astatine $4,488.

  Read much here.

• Huang leads Nvidia's GTC with 2 1/2-hour keynote speech, pushes computing demand

  Bloomberg reports:

  Read much here.

• Oil bounces backmost arsenic reserve releases lessen proviso fears

  Bloomberg reports:

  Read much here.