By Mackenzie Tatananni, George Glover, and Joe Woelfel
Stocks were clawing back losses on Monday as oil prices retreated below $100 a barrel and investors digested the latest headlines on the war in Iran.
These stocks were making moves:
Chevron rose 0.3% and Exxon Mobil inched up 0.2% after U.S. crude prices hit the three-digit mark for the first time since 2022. Diamondback Energy added 1.5%, Devon Energy rose 1.5%, and EOG Resources gained 1.3%.
Hims & Hers Health rallied 41% after Novo Nordisk agreed to sell its weight-loss drugs on the telehealth company's platform and drop a lawsuit alleging patent infringement. Novo's American depositary receipts climbed 3%.
Live Nation Entertainment jumped 6% after Justice Department lawyers said they had reached a settlement with the company in an ongoing antitrust lawsuit. The settlement allows Live Nation to retain Ticketmaster, which became a wholly-owned subsidiary following a merger in 2010.
Norwegian Cruise Line and Carnival declined 0.7% and 2.5%, respectively, after falling sharply earlier in the session. Investors were fretting that a surge in crude prices would drive up fuel costs for the cruise-line operator.
Airline stocks took a hit for the same reason. American Airlines fell 2.9%, United Airlines fell 2.1%, and Southwest Airlines declined 1.2%.
Strategy climbed 3.7%. The company disclosed Monday that it had purchased nearly $1.3 billion worth of Bitcoin in the preceding week as the prices of cryptocurrencies broadly wavered. The world's largest crypto has risen 2.5% over the past 24 hours to $68,977, according to CoinDesk.
Gold futures continued falling, dragging down shares in miners of precious metals. Freeport-McMoRan and Newmont fell 2% and 2.4%, respectively.
Vertiv jumped 9.7%, Lumentum surged 11%, and Coherent was 2.7% higher while EchoStar rose 2.1%. The four stocks are set to join the S&P 500 before the start of trading on March 23 as part of the index's quarterly rebalance. They will replace Match Group, Molina Healthcare, Lamb Weston, and Paycom Software, which are being moved to smaller indexes.
Nvidia added 1.3% as investors shook off concerns over potential supply-chain disruptions. Fellow chip makers Advanced Micro Devices and Broadcom were up 2.4% and 4.7%, respectively.
Data-storage names were leading the S&P 500. Sandisk jumped 7.7%, making it the best-performing stock in the benchmark index. Western Digital added 5.2%.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 09, 2026 13:10 ET (17:10 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments