Major Averages Close Little Changed as Oil Prices Pull Back
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2026
0mins
The major averages closed little changed as markets traded with a more constructive tone in concert with oil prices pulling back. Oil prices, which had surged above $100 and briefly approached $120 per barrel during the escalation of the Iran conflict, are now coming back in after comments from Donald Trump suggesting the military operation could conclude sooner than previously expected. Meanwhile, CBS News' Jennifer Jacobs reported that there are indications Iran is taking steps to deploy mines in the Strait of Hormuz.In other commodity news, gold prices continue their surge amid market volatility. Despite having an up-and-down 2026, the commodity is climbing towards record highs once again.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaand Thinking Machines Lab announced a gigawatt-scale strategic partnershipBioNTechannounced plans for anto be established and led by BioNTech co-founders Prof. Ugur Sahin, M.D., and Prof. Ozlem Tureci, M.D.HP Enterprisereportedand provided guidance for Q1 and FY26Kohl'sreportedbut guided for a decrease in Q1 comp salesVail Resortsreportedand cut its FY26 resort reported EBITDA view2. WALL STREET CALLS:Qualcommat Underperform at BofACrowdStriketo Overweight at Morgan StanleyRivianto Buy at TD Cowen into R2 launchNovo Nordiskto Hold at TD CowenB. RileyStrategywith Buy on "unmatched scale"3. AROUND THE WEB:Boeingwill delay deliveries of some e737 MAX planes amid wiring flaws, WSJ reportsExxon Mobilis planning to move its legal home to Texas from New Jersey in a move meant to protect the company from shareholder "abuse," WSJ saysRio Tintois in talks with Mongolia over financial terms at the massive Oyu Tolgoi copper mine, with the government seeking lower loan interest costs and the removal of Rio's annual management fee, WSJ reportsAppleincreased its iPhone production in India by 53% last year and now makes a total of 25% of its devices there, Bloomberg saysAmazon'secommerce business has requested a large group of engineers to meet on Tuesday for a "deep dive" into the influx of outages, with the company stating there has been a "trend of incidents" characterized by a "high blast radius" and "Gen-AI assisted changes," FT reports4. MOVERS:Zevra Therapeuticsgains after, with EPS and revenue beating consensusCapricorincreases after announcing the establishment of a new PDUFANiohigher in New York afterand providing guidance for Q1Centenefalls afterand announcing its ACA enrollment is "still in line" with expectations"Crispr Therapeuticslower after announcing a5. EARNINGS/GUIDANCE:ABM, with CEO Scott Salmirs commenting, "ABM is off to a solid start to FY26"Custom Truck One Source, with EPS beating consensusUnited Natural Foodsand provided guidance for FY26UWM Holdingsraised itsPriority Technologyand provided guidance for FY26INDEXES:The Dow fell 34.29, or 0.072%, to 47,706.51, the Nasdaq gained 1.16, or 0.0051%, to 22,697.10, and the S&P 500 advanced 14.51, or 0.21%, to 6,781.48.
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Analyst Views on BA
Wall Street analysts forecast BA stock price to rise
16 Analyst Rating
14 Buy
1 Hold
1 Sell
Strong Buy
Current: 225.630
Low
150.00
Averages
269.14
High
298.00
Current: 225.630
Low
150.00
Averages
269.14
High
298.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Entanglement Swapping: The tests demonstrated high-fidelity entanglement swapping on a compact payload designed for spaceflight, a core technology viewed as foundational for future quantum communication networks, helping to extend quantum links beyond basic point-to-point connections.
- Environmental Qualification Testing: Boeing also completed environmental qualification testing, which checks whether the hardware can survive launch and operate in space, laying the groundwork for final spacecraft integration and ensuring its capability to execute a one-year mission in orbit.
- Strategic Positioning: While this project is not expected to generate immediate revenue, Boeing is working to establish an early position in the quantum networking field, which could be significant for secure communications, precision timing, navigation, and defense systems over time.
See More
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- Environmental Qualification: The tests included environmental qualification to ensure the hardware can withstand the harsh conditions of launch and space, further enhancing Boeing's technological capabilities in quantum communications.
- Future Market Potential: While the immediate financial impact is limited, Boeing's early positioning in quantum networking could lay the groundwork for future defense and space contracts, particularly in secure communications and sensing technologies.
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See More
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- Safety Checks Underway: Employees have begun returning to the facility this week to conduct safety checks, ensuring that parts of the facility unaffected by the incident can resume operations, indicating the company's commitment to employee safety while striving to meet market demand.
- Capacity Expansion: GKN announced plans to establish a new production line near the facility in 2024 to double the manufacturing capacity of F-35 canopies by January 2027, reflecting the company's confidence in future aerospace market demand.
- Supply Chain Impact Assessment: Multiple agencies are investigating the factory; while Airbus and Lockheed Martin report no current production impact, the incident may pose potential risks to supply chain stability, prompting stakeholders to reassess collaboration strategies.
See More
