Blog•Mar 5, 2026
Oil Spikes, Stocks Hit. Treasury Expected to Intervene in Energy Market. NFP Tomorrow.
Oil prices spiked above $80 a barrel after Iran‑related tensions, prompting the White House Treasury to signal possible futures market intervention. The announcement eased oil back below $80, allowing equities to recover modestly, with the S&P 500 down 0.6% and the Nasdaq off 0.3% for the day. Treasury yields rose to roughly 4.15%, the VIX fell to 23.5, and the dollar briefly touched 99.40. Upcoming non‑farm payrolls and retail sales add further uncertainty to market direction.
