Stocks Fall and Brent Tops $100 as War Heats Up: Markets Wrap - Bloomberg

Markets Facebook X LinkedIn Email Link Gift It Looks Very Bleak for Stock Markets: 3-Minutes MLIV Facebook X LinkedIn Email Link Gift Gift this article Contact us: Provide news feedback or report an error Confidential tip? Send a tip to our reporters Site feedback: Take our Survey New Window Facebook X LinkedIn Email Link Gift By Rita Nazareth March 12, 2026 at 10:27 PM UTC Updated on March 13, 2026 at 9:43 PM UTC Bookmark Save Volatility gripped Wall Street, with stocks falling and oil jumping to an over three-year high as the war in Iran raged on. A rally in bonds waned as higher energy prices stoked inflation angst. The S&P 500 erased a nearly 1% gain, with the US stepping up strikes on Iran to unprecedented levels as both sides threatened to escalate a conflict hitting its two-week mark. Brent closed above $100. After climbing in the aftermath of sluggish economic data, Treasuries lost steam, with longer-term maturities underperforming. The plunge in a gauge of megacaps from a record topped 10%. The dollar rose to its highest since December.