Market Open: Stocks Lower, US Crude Oil Up 4%, National Average For US Regular Gas Held Steady Overnight 3/26/26

I'm Jessica Edinger, CNBC Wall Streets in the red out of the gate oil prices rising

this morning, investors reacting to headlines again.

President Trump threatening that Iranian negotiators better get serious soon before it's too

late.

As more U.S. Marines head to the Middle East, the Dow down 235.5 percent.

It's being led lower by shares of Caterpillar, which are down almost 2 percent.

The S&P 500 index is down 50 points, the NASDAQ down 230 points.

That's a little more than 1 percent.

Shares of Nvidia are down 1.5 percent.

At this point, I think everyone is now recognizing that this conflict can go on for much longer.

It doesn't take much for the Iranian regime to threaten the state of Hormuz.

A simple $50,000 drone can literally bring traffic to a halt.

So now I think we're trying to factor in, hey, what would the really long-term scenario

look like?

The repricing is slowly happening now, so it's not necessarily reactive.

I think most of us are trying to be now proactive, and we're looking ahead.

Sebritz Mark Malik on CNBC, U.S. crude oil, up 4 percent today, back above $90 a barrel,

Brent Crude, is just below $107 a barrel.

For the first time since the U.S. attack on Iran, prices at the pump and the U.S. did

not go up overnight on average.

Triple A says the national average for a gallon of regulars, $3.98.

12 states in Washington, D.C. now average $4 a gallon gas.

Maryland is extremely close at 2-100s of a cent under.

One investor tells CNBC there is a U.S. plan with Iran, and oil prices are going to go

up as that plan is fulfilled.

We're going to leave with that uranium.

We know where it is, we think.

But again, because it's highly enriched, it's not going to be that difficult for us to

find.

Just from, you can measure it from a radiation.

And again, we follow it very closely, but that's one of the objectives, you know.

There was no easy button on the oil side.

You know, it takes 25 to 28 days for seaborne oil to make its way to Asia from the straight.

That's about now.

I think you're going to see Brent at 150.

Roachford Ventures CEO Kyle Bass on CNBC.

The number of people who applied for unemployment benefits last week came in as expected.

210,000.

And how does that stack up?

Well, our last look was 205,000, no revision yet.

And do keep in mind, these numbers are historically low.

CNBC's Rick Santelli, continuing claims, the number of people still collecting unemployment

checks week after week.

That fell to the lowest level in nearly two years last week, suggesting more people are

finding their next job.

Wall Streeters got bigger bonuses last year.

The New York State Controller's office says the bonus pool reached a record of more than

$49 billion.

With the average bonus rising to nearly a quarter million dollars, $246,000 Wall Street

profits last year were up by more than 30%.

This opening day for Major League Baseball today, 11 games are scheduled.

Tonight, NCAA March Madness, sweet 16 round begins.

Today is equal pay day for women.

Women in the same job as men have to work until March 26th of the next year to earn what

men earned in just one year by December 31st.

Jessica Edinger, CNBC.

Money doesn't make the world go around.

And CNBC is the great economic equalizer because we provide that information so you can

make the decisions that are right for you.