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Fed Chairman Jerome Powell made the speaking rounds today, suggesting that the central bank wouldn’t let oil prices determine its next move on interest rates. He suggested the Fed is likely to hold rates steady at its next meeting.
Federal Reserve Governor Stephen Miran made the case Monday for lower interest rates, telling CNBC that the current energy price spike shouldn’t rattle policymakers unless it shows signs of sticking around. Speaking on Squawk on the Street, Miran said he’s not worried yet.
Morgan Stanley strategists say the S&P 500 correction is nearing its final stage, pointing out that more than half of Russell 3000 stocks are already down 20% or more from their 52-week highs, and according to Bloomberg The Wall Street firm is keeping its year-end S&P 500 target of 7,800 intact.
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The markets are attempting gains out of the gate despite escalating Mideast tensions for the final two days of trading in Q1 2026. All three of the major stock market averages are taking back ground in early trading, including a 0.79% gain in the Nasdaq Composite following last week’s steep 3.2% drop. Oil prices are rising as analysts predict the next leg higher, with SocGen suggesting the $150/barrel threshold could be next for Brent. Oil tanker movement through the Strait of Hormuz has barely budged from its wartime lows, with just a handful of ships managing to pass through. President Trump is threatening to intervene further if the passageway isn’t opened soon. He is also eyeing Iran’s uranium.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 45,765 (+0.75%)
Nasdaq Composite: 23,503 (+0.74%)
S&P 500: 6,461 (+0.76%)
Market Movers
Starcloud closed a $170 million funding round at a $1.1 billion valuation, backing its ambitions to put high-performance computing in orbit. Nvidia (Nasdaq: NVDA | NVDA Price Prediction) gave the startup a public shoutout, a sign that carries plenty of weight given whose chips are powering the satellites.
Merger Monday is off to a big start. Food distribution giant Sysco (NYSE: SYY) is scooping up Restaurant Depot in a deal valued at roughly $29 billion including debt, according to the WSJ.
Rezolve AI (Nasdaq: RZLV) blew past Street estimates with 2025 revenue of $46.8 million, capping the year with a stunning 543% revenue surge in H2 2025. The company raised its 2026 revenue guidance to $360 million.
Sigma Lithium (Nasdaq: SGML) posted a strong Q4, generating $31 million in operating cash flow at a 47% margin, while signing two lithium concentrate offtake deals worth a combined $146 million. The company also cut its total debt by 35% last year.
Crypto bull Tom Lee and Bitmine (AMEX: BMNR) added 71,100 Ethereum to their stash last week, bringing the company’s total holdings to a commanding 3.92% of the entire ETH token supply.
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Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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