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Mar 9, 2026 4:30 AM

DAL, UAL, CCL Tank, While LMT, RTX, OXY Gain Overnight As Oil Nears $120: Trump Dismisses Market Panic As 'Small Price' For Peace

Global markets are reeling Monday morning as a violent spike in energy prices sends shockwaves through the U.S. travel and industrial sectors.

US Futures, Asian Markets Slump Amid Rising Crude Prices

Following a chaotic weekend in the Persian Gulf, Dow Jones futures plummeted over 1,000 points in overnight trading, while crude oil benchmarks aggressively tested their 52-week highs near the $120 mark.

The risk-off contagion is hitting U.S. equities, creating a stark divide between war-exposed transportation stocks and defense-heavy beneficiaries.

The decline follows a historic surge in energy costs. Brent Crude spiked over 22.99% to hit $114.00, while WTI surged 1.20% to $110.17, with both benchmarks now aggressively testing their 52-week highs of $119.46 and $119.46, respectively.

Index

Performance (+/-)

Dow Jones

-2.04%

S&P 500

-1.88%

Nasdaq 100

-2.18%

Russell 2000

-3.74%

The Overnight Movers: Winners and Losers

Investor anxiety is focused squarely on fuel-sensitive industries. $DAL

Company Name

Overnight Move

Market Context

Delta Air Lines Inc. (NYSE:DAL)

-3.78%

Immediate pressure on jet fuel margins; flight cancellations in the Gulf.

United Airlines Holdings Inc. (NASDAQ:UAL)

-4.00%

Heavily impacted by airspace closures and soaring international fuel costs.

Carnival Corporation (NYSE:CCL)

-3.88%

Maritime fuel surcharges and geopolitical risk hitting ...