THE RUNDOWN
WAR › U.S. and Israeli strikes on Iran are now in their fourth day. Iran partially closed the Strait of Hormuz, a chokepoint for roughly 13 million barrels of oil per day. A container ship was struck at the Strait today. Qatar halted LNG production. Saudi Arabia’s biggest refinery went offline after drone attacks. Trump said the Navy will escort tankers “if necessary” and told reporters alongside Germany’s Merz: “Everything’s been knocked out in Iran.” Oil spiked above $77 on Monday, pulled back to $74 on Wednesday after Treasury Secretary Bessent signaled measures to ease fuel prices. Goldman said only a “severe and sustained” disruption would hit global growth. That scenario isn’t off the table.
BREAKING: Trump update on Iran:"This was our last best chance to strike." Says Iran's ballistic missile program was growing rapidly and would have soon had missiles capable of reaching America.Objectives: destroy missile capacity, prevent nuclear weapons, stop Iran from… pic.twitter.com/7yg43eCNuO
— WOLF (@WOLF_Financial) March 2, 2026
QATAR'S 🇶🇦 STATE-OWNED ENERGY COMPANY HALTS LNG PRODUCTION AFTER IRAN DRONE ATTACKSSAUDI ARABIA'S 🇸🇦 BIGGEST OIL REFINERY HALTS AFTER DRONE ATTACK
— Evan (@StockMKTNewz) March 2, 2026
TECH › The Nasdaq led a risk-on bounce, gaining 1.29%. Micron and AMD each rallied more than 5%. Broadcom and Nvidia both added over 1%. The ISM Services report helped: the U.S. service economy expanded at its fastest pace since mid-2022, while the price index inside that report cooled to a nearly one-year low. Stronger activity plus softer prices is exactly what the market wants. After hours, Broadcom’s guidance underwhelmed but the company announced a $10 billion buyback through end of 2026.
Nvidia $NVDA CEO Jesne Huang just said he thinks the market got it wrong about AI's threat to software companies"I think the markets got it wrong," … "Nobody's going to service better than ServiceNow, and they're going to come up with agents that are really fine-tuned and… pic.twitter.com/ze2U1in49D
— Evan (@StockMKTNewz) February 26, 2026
CRYPTO › Bitcoin crossed $73,000, up nearly 8% in 24 hours. Partly geopolitical hedging, partly legislative: the Clarity Act (stablecoin legalization) is gaining momentum, and Trump publicly sided with crypto firms over ...
