Live Nasdaq Composite: Tech Sentiment Improves but Oil a Wildcard Over Markets

By Gerelyn Terzo Updated Mar 11, 12:46PM EDT · Published Mar 11, 10:10AM EDT

Quick Read

Micron (MU) and AMD (AMD) each gained 3% as chip stocks emerged as bright spots in a mixed market. Oracle (ORCL) surged 14% after beating Q3 estimates and delivering a strong 2027 outlook, helping lift the broader software sector despite being down 13% year-to-date.
Middle East conflict disrupted oil shipments through the Strait of Hormuz, prompting major economies to release emergency reserves and driving oil toward $85/barrel, while strong tech earnings from Oracle and partnerships like Uber’s robotaxi deal with Amazon’s Zoox provided counterbalance to broader market weakness.

Live Updates

Oil Supply

Mar 11, 2026 at 12:45 PM EDT

The markets are holding their own, including a nearly flat Nasdaq Composite, after the International Energy Agency unveiled plans to unlock 400 million barrels of oil to boost supply during the Iran conflict. WTI Crude oil is now hovering at around $87 per barrel.

Nebius Bump

Mar 11, 2026 at 11:16 AM EDT

Nebius (Nasdaq: NBIS) received a bump after receiving a coveted $2 billion investment from chip leader Nvidia (Nasdaq; NVDA) for the development of AI data centers, sending shares of NBIS up 14.6%.

Steady Inflation

Mar 11, 2026 at 10:10 AM EDT

February’s CPI rose 0.3%, putting the 12-month inflation rate at 2.4% as expected and unchanged from January, holding above the Fed’s 2% target but also not getting worse. Core CPI, stripping out food and energy, came in at 0.2% monthly and 2.5% annually, also matching forecasts, with shelter the biggest contributor and rent posting its smallest monthly increase since early 2021. Reports suggest the latest inflation data doesn’t do much to make the Fed’s upcoming decision on interest rates any easier.

This article will be updated throughout the day, so check back often for more daily updates.

The markets are mixed out of the gate as fighting in the Middle East does not relent. The world is expected to begin releasing emergency oil reserves, beginning with Japan and Germany, to offset the supply decline since transportation through the Strait of Hormuz has been disrupted. President Trump reportedly maintains that the U.S. war with Iran will end sooner than later.

In tech, chip stocks are bright spots, with Micron Tech (Nasdaq: MU) and AMD (Nasdaq: AMD) each gaining about 3% today. Meanwhile, oil prices have been edging higher once again to capture the $85/barrel level as the markets monitor the supply situation. Tech stocks are managing slight gains thanks to a strong earnings print by hyper-scaler Oracle (Nasdaq: ORCL).

Oracle’s earnings are in, and the software giant didn’t disappoint, surpassing Q3 estimates and delivering an upbeat 2027 sales outlook. ORCL shares are soaring by 14% today and helping to buoy the a wider software sector that has been targeted in the AI era. Even with today’s gains, Oracle remains lower by 13% year-to-date as tech stocks have taken the brunt of the selling in the risk-off market cycle of late.

Here’s a look at where things stand as of morning trading:

Dow Jones Industrial Average: 47,555.75. Down 147.76 (-0.33%)
Nasdaq Composite: 22,835.57 Up 136.01 (+0.58%)
S&P 500: 6,795.45 Up 14.97 (+0.22%)

Market Movers

JPMorgan upgraded shares of Oracle to “overweight” from “neutral,” urging investors to “buy the dip,” suggesting that the sell-off over the past six months has deescalated any valuation risk.

Evercore ISI has reemphasized Netflix (Nasdaq: NFLX) stock as an “outperform” rating, attributing the bullish outlook to the streaming giant’s “pricing power.”

Uber Technologies (NYSE: UBER) is tacking on nearly 4% in today’s session after striking a partnership with Amazon’s (Nasdaq: AMZN) Zoox to offer robotaxis on its platform.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.