Today’s Market Recap: Mideast Conflict Ignites Oil Crisis as Tech Pivots to AI and Buybacks

TradingKey
2026.03.11 00:33
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Market performance was mixed, with the S&P 500 down 0.22% and Nasdaq up 0.01%. Airlines faced pressure from rising fuel costs, with Delta and United down. Oracle's shares surged after a strong earnings report, while BioNTech plummeted 17.88%. Nvidia rose 1.16% amid positive sentiment for its AI platform. Nio soared 15.38% after reporting its first quarterly profit. Tensions in the Middle East are escalating, impacting oil supply, with major cuts from Saudi Arabia and Iraq. Samsung and SK Hynix announced significant treasury share cancellations.