Will S&P 500 Open Up Or Down On March 12? Here Is How Polymarket Traders Lean As Oil Rebounds, Private Credit Concerns Mount

Benzinga_recent_news03-12

The S&P 500 closed Wednesday’s session down 0.084% at 6,775.80, extending its losses as a historic release of strategic oil reserves failed to cool surging crude prices. The Polygon-based (CRYPTO: POL...

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The March 12 market currently shows only a 12% chance of traders betting on an “Up” opening. Early trading volume for the March 12 bet has reached $26,319.\nEnergy markets continue to dictate the narrative. Despite the IEA authorizing a record 400-million-barrel release of emergency reserves, WTI crude jumped 8.45% to $94.62, at the last check, after Iran reportedly struck three more cargo vessels in the Strait of Hormuz.\nWhile February’s CPI data rose 0.3%—largely in line with expectations —investors are looking past it. The 10-year Treasury yield climbed to 4.23% as the market began pricing in the inflationary impact of the current energy spike. \nPhoto courtesy: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2618907239","isCrawlerRequest":true}