Stock Market Live March 3, 2026: S&P 500 (SPY) Down Big on Iran War Fears
It’s ugly out there today. S&P 500 futures are down 1.62%, or by 111 points. The SPDR S&P 500 ETF (SPY) is down 1.64%, or by $11.23. The Dow is down 1.5%, or by…
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Stock Market Live March 30, 2026: S&P 500 (SPY) Up on President Trump Optimism
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Newest firstAluminum Prices Could See Higher Highs
Aluminum prices could rally to higher highs.
All after Iran attacked two Middle Eastern producers over the weekend, raising fears of a massive supply crisis. After all, 9% of global aluminum supply comes from the Gulf, and, according to CNBC, “most firms there have been unable to export the metal beyond the region since Iran effectively closed the Strait of Hormuz.”
If the damage is long-lasting, we could easily see tighter supply and higher prices. “Joyce Li, commodities strategist at Macquarie Group, told CNBC over email that their base case before the attacks assumed a cut to the current running capacity of approximately 20%, which amounts to roughly 800 to 900 kilotons of production loss in 2026,” added CNBC.
Morgan Stanley Just Reiterated an Overweight Rating on Meta
Analysts at Morgan Stanley lowered their price target on META to $775 from $825, but says the tech giant is still a top idea. “Sentiment Has Troughed…It’s Time to Buy META: META sentiment has troughed due to GenAI ROIC and long-term positioning fears, and more recently, macro ad market and regulatory question marks.”
Technically, META appears to have found strong support after gapping from about $672 to a low of $520. Last trading at $532.51, the oversold stock is also starting to pivot from overextensions on RSI, MACD, and Williams’ %R. We’d like to see META initially refill its bearish gap at around $600 near term.
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The story so farAfter a rough week, markets are rocketing higher.
The S&P 500 is up 0.33%, or by 21 points. The SPDR S&P 500 (SPY) is up 0.48%, or by $2.85. The Dow is up 0.46%, or by 209 points. The Nasdaq is up 0.2%, or by 41 points. Oil is up $2.44 at $102.10. Gold is up by $48.90 at $4,542. Bitcoin is up $1,790 at $67,747. All as President Trump signals progress in U.S.-Iran talks.
“The United States of America is in serious discussions with A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran,” Trump said in a post on Truth Social.
However, he added that while progress has been made, if a deal is not reached shortly, and if the Strait of Hormuz is not reopened, the U.S. will wipe out Iran’s electric generating plants, oil wells, and Kharg Island. That, and the U.S. now has 50,000 U.S. troops in the Middle East, with Iran warning they’ll set U.S. troops on fire if they invade.
In short, it’ll be an interesting few days ahead.
Market Movers: Alcoa up 11%
Aluminum stocks, such as Alcoa, are up 9% amid a jump in aluminum prices. Reportedly, critical infrastructure for the metal industry in the Middle East was hit by Iranian missile strikes.
In fact, as noted by Reuters, “Aluminum prices surged to four-year highs on Monday as Iranian airstrikes on two major Middle East producers over the weekend raised the risk of a prolonged supply shock. Benchmark aluminum the London Metal Exchange was up 4.7% to $3,453 a metric ton at 1048 GMT. Prices of the metal used in the transport, construction, and packaging industries touched $3,492 earlier in the session.”
Analysts at Oppenheimer just reiterated an outperform rating on Nvidia and Broadcom, noting that they are bullish on semiconductor stocks long-term.
Analysts at Needham just reiterated a buy rating on Netflix, noting that, “NFLX hit a high of ~$134/share on June 30, 2025, about 9 months ago. Last month (Feb 2026), NFLX hit a low of ~$75/share, when it was ‘winning’ the takeover battle for WBD. Today, NFLX shares have only rebounded to ~$93/share,” as quoted by CNBC.
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Ian Cooper
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
