Stock Market News From March 24, 2026: Dow Slips. It Took a Hit From Tech.
The S&P 500 and the Nasdaq were also lower as oil prices rose.
Last Updated: March 24, 2026 at 7:36 PM ET
Key Events
Oil Futures Regain Ground as Strikes Continue in Middle East
Silver Snaps 9-Session Losing Streak
Dow Wavers. It’s Getting Hit by Tech Now, Too.
Software Stocks Are Getting Crushed on Private Credit Concerns
Dow Turns Higher. What’s Driving the Move.
The Dow Cuts Its Decline in Half. It’s a ‘One-Variable Market.’
Treasury Yields, Dollar Rise as Peace Hopes Wane
Persian Gulf Disruption Tightens Air Cargo Capacity, Container Shipping Effects More Muted
Wall Street Fear Index Rises as Iran Rally Fades
Nasdaq Slides. Software Stocks Led the Tech Rout.
By Connor Smith
The software stock selloff resumed on Tuesday in the absence of major updates out of the Middle East.
The Nasdaq Composite dropped 0.9%. The Dow Jones Industrial Average fell 85 points, or 0.2%. The S&P 500 fell 0.4%.
The iShares Expanded Tech-Software Sector ETF tumbled in a session that featured decent breadth. The slide in software came as yet another business development company, or BDC, moved to cap investor redemptions. This time it was Apollo Debt Solutions, which will limit investor redemptions to 5% of its $15 billion in net assets.
“The vicious cycle between software and private credit continues,” writes Jonathan Krinsky, BTIG’s chief market technician. “Software’s decline led to concerns about private credit’s exposure to software, and now withdrawal caps on BDCs are leading to another bout of selling in software. This goes back to why we don’t want to chase bullish headlines about a deal in the Middle East.”
Stocks rallied broadly on Monday after President Donald Trump touted peace talks with Iran. Now the market is waiting to see if such overtures will lead to the end of the war and a reopening of the Strait of Hormuz.
Brent crude oil futures rebounded 4.6% to $104.49 a barrel on Tuesday. WTI crude oil futures rose 4.8% to $92.35 a barrel.
Despite the rebound in oil prices, a majority of stocks were trading higher for much of the day. But the breadth was overshadowed by the sharp software selling.
The absence of major Middle East headlines was a reminder for Wall Street: There was plenty for investors to worry about, even before the war began on Feb. 28.
46124.06-84.41-0.18%S&P 500SPX (S&P US)6556.37-24.63-0.37%NasdaqCOMP (Nasdaq)21761.89-184.87-0.84%Brent CrudeBRN00 (IFEU)$96.69 USD
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