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Live Nasdaq Composite: Markets Rise on Ceasefire Hopes as Oil Sputters

Photo of Gerelyn Terzo
By Gerelyn Terzo Updated Published

Quick Read

  • Intel (INTC) and AMD (AMD) have raised processor prices in March with 2026 increases reaching 10%-15% as market lead times extend to six months. Meanwhile, SanDisk (SNDK) is investing $1 billion in Taiwan-based Nanya Technology for a multi-year supply arrangement.

  • Markets rallied on optimism about a White House peace plan with Iran as crude oil dropped nearly 5% to below $90 per barrel, easing concerns about global economic vulnerability to energy shocks.

Live Updates

ARM Soars

ARM (Nasdaq: ARM) stock is soaring by 20% after launching its inaugural native AI data center chip. ARM is rallying alongside many of its technology peers, with the Nasdaq Composite holding gains of about 1%.

Meta Layoffs

Meta is reportedly planning to issue hundreds of layoffs across platforms today. The stock is up about 1% on the cost-cutting initiative.

D.C. Tech Council

President Trump is assembling a who’s who of tech and AI influencers for a new technology council to help shape AI policy, tapping an initial roster of just over a dozen members that includes Nvidia’s Jensen Huang, Meta’s Mark Zuckerberg, Oracle’s Larry Ellison, Google co-founder Sergey Brin, AI czar David Sacks and former tech official Michael Kratsios.

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

The markets are celebrating a potential peace plan sent by the White House to Iran. Despite Iran’s insistence that peace remains elusive, the markets are seeing the glass half full, with all three of the major stock market averages seeing green out of the gate, including a nearly 1% jump in the Nasdaq Composite. Oil is trading like shipments could return to normal, with WTI crude down nearly 5% to hover below $90 per barrel. Morgan Stanley strategists are also bucking the doom and gloom narrative, calling for an S&P 500 profit boom, according to Bloomberg.

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

Dow Jones Industrial Average: 47,003 Up 1.27%
Nasdaq Composite: 24,454 Up 0.99%
S&P 500: 6,674 Up 1.03%

Oil Update

With WTI crude flirting with $100, UBS says don’t panic because the global economy is far less vulnerable to oil shocks than it was in the 1970s. Oil spending as a share of U.S. GDP has fallen from roughly 4.8% in 1974 to just 1.7% today, and would barely budge to 2% even if prices hit triple digits, thanks to decades of improved energy efficiency.

Market Movers

The CPU crunch is getting harder to ignore. Intel (Nasdaq: INTC | INTC Price Prediction) and AMD (Nasdaq: AMD) have raised processor prices again in March, pushing 2026 increases to as much as 10%-15%, while lead times have ballooned from a week or two to as long as six months, per Nikkei Asia.

SpaceX is closing in on a landmark moment, with the Elon Musk-led rocket company reportedly targeting a filing of its IPO prospectus with regulators as soon as later this week or next, according to The Information. The move signals that even a backdrop of market volatility and geopolitical uncertainty isn’t enough to ground one of the world’s most valuable private companies.

SanDisk (Nasdaq: SNDK) is putting $1 billion to work, investing in Taiwan-based Nanya Technology as part of a multi-year supply arrangement, according to the WSJ.

Amazon (Nasdaq: AMZN) has made a move into the humanoid market, acquiring Fauna Robotics. Fauna is developing Sprout, a 42-inch humanoid that can walk, grip objects, interact with people and dance.

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Photo of Gerelyn Terzo
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.

Live Nasdaq Composite: Markets Rise on Ceasefire Hopes as Oil Sputters

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