Stock Market Update Friday March 13, 2026
- Mar 13
- 3 min read
Stock Market Update Friday March 13, 2026 Stocks tried to rally early today, but the rally failed quickly. Selling pressure was strong throughout the day, with crude oil prices remaining just under $100 per barrel, a key psychological level. Like yesterday, the day's price swings weren't as wild as earlier in the week. However, the steady downward pressure is now pushing major stock indexes toward their 200-day moving averages. This technical level hasn't been tested in almost a year. This morning also brought new economic data, including a weak GDP report that increased worries about slowing economic growth. For the week, the S&P 500 fell about 1.5%. Today's close was the lowest of the year. The index is now about 5% below its all-time high, showing that investors are gradually becoming more cautious. Looking at different sectors, energy stocks did well as crude oil prices remained strong. Financial stocks recovered slightly. However, technology stocks continued to fall for a second day, pulling down the overall market.
Score Board:
S&P 500 (SPY): -0.57%
Nasdaq 100 (QQQ): -0.6%
Russell 2000 (IWM): -0.4%
Away From Stocks: WTI crude hit $99.25, settled near $97 amid geopolitical risks and supply concerns. 10-year Treasury yield initially dipped on weak data, then rose with oil to 4.29%. Dollar strengthened, DXY to 100.49, a 2026 high, boosted by energy prices and Iran uncertainty. VIX at 27.21, volatility high, but stocks stable, showing caution, not panic. Gold fell as dollar rose, back near $5,000, volatility decreased, trading inversely with USD.
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