Wall Street ends lower as Middle East conflict fans inflation fears

Yahoo Finance Published Updated Economy
Sign in to save

Affected assets and topics

$DOW $NASDAQ $OIL GROWTH INFLATION

Why it matters

The US stock market closed lower due to concerns over the Iran conflict's impact on inflation, but showed a relatively tame reaction to the geopolitical news, with some stocks like Pinterest and Target experiencing significant gains.

Expected market reaction

Neutral Confidence 80% How confidence is read Horizon: Short term Impact: High

Market impact analysis based on neutral sentiment with 80% confidence.

Evidence trail

Evidence
Source Yahoo Finance
Claim Wall Street ends lower as Middle East conflict fans inflation fears
Affected assets DOW, NASDAQ, OIL
AI inference Neutral · 80%
Generated 2026-03-03 22:59

AI provenance

Analysed by Llama 3.1 8B Instant (Groq) Methodology v1.0 Generated
Technical identifiers
Provider tag
groq-llama-3.1-8b-instant
Model id
llama-3.1-8b-instant
Analysis version
groq-llama-3.1-8b-instant
Article id
52909
Timeframe
6h

Prediction lifecycle

  • Llama 3.1 8B Instant (Groq) NASDAQ Neutral 80% 6h
    Generated 6h Verified

    Scored incorrect

  • Llama 3.1 8B Instant (Groq) DOW Neutral 80% 6h
    Generated 6h Verified

    Scored incorrect

  • Llama 3.1 8B Instant (Groq) OIL Neutral 80% 6h
    Generated 6h Verified

    Scored incorrect

Logged at publication, scored automatically once the window closes — never edited.

Actual outcome

Asset NASDAQ
Reference price 22716.13000000
Price at evaluation 23592.11000000
Change 3.8562%
Result Scored incorrect

Original source

STORY: U.S. stocks fell on Tuesday, with the Dow, S&P 500 and Nasdaq all dropping roughly one percent or less.Investors are concerned about the effect of the Iran conflict on inflation as oil prices extended sharp gains.Still, stocks came back from losses of more than 2% earlier in the day.That surprised Jed Ellerbroek, portfolio manager at Argent Capital Management, who expected to see a steep selloff of the year's most volatile stocks, including shares of AI-related companies. "What we see instead is a rotation from the stocks that have performed best year to date. Those ones are our worst today. And what's been worst over the first two months of the year are actually performing best today and this week. So software is at the top of the leaderboard today. [FLASH] And then you see some of those big year to date winners like the materials stocks, consumer staples too, not keeping up with the market. So it's a surprise. It's a surprising market reaction. I think really a fairly tame reaction to some really big geopolitical news.”Winners on the day included Pinterest. Shares of the image-sharing platform popped more than 9% after the company said activist Elliott Investment Management is investing $1 billion that would help fund a new $3.5 billion share buyback. The move marked a vote of confidence for Pinterest's efforts to tackle uncertain ad spending.Shares of Target gained nearly 7% after new CEO Michael Fiddelke pledged to restore annual sales growth, betting on a plan to spend billions to turn around the struggling retailer.Blackstone, however, shed almost 4% after its flagship credit fund, BCRED, saw a surge in redemption requests.

Read the full article on Yahoo Finance

Original article published by Yahoo Finance on March 4, 2026. Analysis and insights provided by AnalystMarkets AI.

More of the DOW narrative

This model on similar stories

Llama 3.1 8B Instant (Groq) · 40.5% correct across 1187 scored calls on indices See the full record