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A surprise move in oil prices provided some momentum for stocks, as all major indexes rose on Monday.
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West Texas Intermediate and Brent Crude both ended lower on Monday after rising overnight.
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The stock market is dangerously overbought even after the recent withdrawal, so investors still need to exercise caution, as the fundamentals of the Iran war have not yet changed.
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are future Trading on Wall Street was marginally lower as oil futures, which rose to $120 overnight, took a half-hearted breather after falling below $100 on Monday. It was the biggest increase in oil prices since 2020. With black gold retreating, the major indices were broadly unchanged during the afternoon. Then, news hit the tape that President Trump was considering taking control of the Strait of Hormuz, which sent all major indicators soaring. When it was all said and done, the entire four day high was over. The battered Nasdaq led the returns, closing up 1.38% at 22,695, closely followed by the small-cap Russell 2000, which ended the day up 1.13% at 2,556. The S&P 500 closed Monday at 6,795, up 0.83%, and the Dow Jones closed the gainer at 47,740, up 0.50%. While the rally was encouraging for investors who got hung up last week, it was likely driven by massive short-covering, and we may not be out of the woods yet.
The harvest was Downward along the Treasury curve except for 1 year and shorter periods. Buyers returned to the curve and long-term sustainability, the same area that attracted buyers on Friday. Rising global oil prices have stoked fears of deflation, prompting investors to hold on to interest rates for longer periods amid ongoing geopolitical tensions. The 30-year long bond closed Monday’s session at 4.72% while the benchmark 10-year note was last seen at 4.11%.
READ: The analyst named NVIDIA in 2010 Just naming his top 10 AI stocks
once again, Wall Street remained laser-focused on oil prices, and as noted, after trading near $120 overnight, the quick return to $100 and lower was a huge boost for the stock market and equities in general after last week’s across-the-board sell-off. Brent crude closed at $90.91 on Monday, down 1.92%, and the most important number for American consumers was West Texas Intermediate, which closed up 4.13% at $87.15. Natural gas fell 4.49% to $3.03.
After a Stronger than last week, gold took a breather on Monday. Traders and analysts covering precious metals noted on Monday that they are not worried by the recent volatility. Wall Street has not withdrawn its lofty targets, and many see a correction as a potential entry point, with the structural drivers behind gold’s rally seen as a reversal. Gold ended Monday at $5,135, down 0.69%, while silver ended Monday at $86.32, up 2.34%.
Cryptocurrency Monday showed considerable strength, with bitcoin advancing amid rising oil prices and heightened geopolitical uncertainty. A late-day rally in equity markets helped push the total market cap of cryptocurrencies above $2.3 trillion. Ongoing short covering and some bargain value buying helped prepare the tech wind yesterday. At 8 AM EDT, Bitcoin was trading at $70,624, up 4.5% over the past 24 hours, while Ethereum was trading at $2,063.
24/7 Wall St. Reviews Every day dozens of analysts report research to identify new investment ideas for both investors and traders. Some of these daily analysts cover stocks to buy. Other calls cover the stock to sell or stop. Remember that no analyst call should ever be used as a basis for buying or selling a stock.
there are Some of Wall Street’s top analyst updates, downgrades, and innovations observed on Tuesday, March 10, 2026.
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AT&T Inc. (NYSE: T ) was upgraded from Sell to Neutral at Arete with a $28 target price.
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CrowdStrike Holdings Inc. (NASDAQ: CRWD ) was upgraded from equal weight to overweight at Morgan Stanley, which raised the cybersecurity major’s target price to $510 from $487.
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His & Hers Health Inc. (NYSE: HIMS ) was upgraded from sell to neutral at Citigroup, which raised its target price on the stock to $24 from $13.25.
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Intuit Inc. (NASDAQ: INTU ) was upgraded from Neutral to Buy at Rothschild & Co Redburn, who raised the company’s price target from $700 to $670.
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Rivian Automotive Inc. (NASDAQ: RIVN ) was raised to buy from hold at TD Cowen, which lowered its price target for the stock to $17 from $20.
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Day One Biopharmaceuticals Inc. (NASDAQ: DAWN ) was downgraded from buy to neutral at HC Wainwright, who cut the target price for the company from $22 to $21.50.
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Novo Nordisk A/S (NYSE: NVO ) was downgraded from buy to hold at TD Cowen, which lowered its target price on the shares to $45 from $42.
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Qualcomm Inc. (NASDAQ: QCOM ) was downgraded from Neutral to Underperform at Bank of America, with a target price of $145.
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Talkspace Inc. (NASDAQ: TALK ) was downgraded from Overweight to Sector Weight at KeyBanc, as the company will be bought for $5.25.
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Amgen Inc. (NASDAQ: AMGN ) was initiated at Jefferies with a Hold rating, with a $350 target price target.
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Gilead Sciences Inc. (NASDAQ: GILD ) was initiated with a Buy rating at Jefferies, which has a $180 price target for the shares.
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Lowe’s Companies Inc. (NYSE: LOW ) was initiated with a neutral rating at KGI Securities, which has a $255 target for the retail giant.
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Rocket Company Inc. (NYSE: RKT ) was initiated at Compass Point with a Buy rating, which set a $21 target price.
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Strategy Inc. (NASDAQ: MSTR ) was initiated at B. Riley with a Buy rating, with a $175 target price set.
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