S&P Closes Below 200-Day Moving Average | Closing Bell
Speakers
Summary
- S&P 500 closes below its 200-day moving average, indicating technical weakness with the index down 0.4%.
- Oil prices rise sharply (Brent +3.6%, WTI +4.4%) despite comments about the war in Iran wrapping up, highlighting persistent supply concerns.
- Gold extends its losing streak to 10 days, a record, and is down 19% from all-time highs, with analysis suggesting it remains expensive.
- Coal stocks surge (e.g., Peabody Energy +8%, Warrior Met Coal +10%) due to tightened LNG supplies from the Iran conflict, with Qatar's capacity outage expected to take 3-5 years to rebuild.
- Software sector declines (iShares Tech software ETF -4.3%) on reports of automation threatening jobs in tech roles like cybersecurity and networking.
- Circle Internet Group plunges over 20% on fears of stablecoin regulation changes and competitive pressure from Tether's audit news.
- Yields rise across the curve, erasing the previous day's drop, with the two-year yield up 7 basis points.
- GameStop reports Q4 sales down 14% year-over-year and avoids a conference call, with shares volatile after hours.
- Sector performance mixed: energy leads (+2%), while communication services lags (-2.5%).
- Uber falls 3.7% on reports of acquiring German chauffeur service Black Lane, though details are sparse.
Trade Ideas
Carol Massar reported coal stocks rallying sharply, with specific companies like Peabody Energy up 8% and Warrior Met Coal up 10%, due to tightened LNG supplies from the war in Iran and Qatar's capacity outage lasting 3-5 years. Reduced LNG supply increases demand for coal as an alternative energy source, which should boost coal companies' revenues and stock prices. Long on coal companies as they are poised to benefit from sustained high demand over the medium term. Rapid resolution of the conflict or faster-than-expected recovery of LNG infrastructure.
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This Bloomberg Markets video, published March 24, 2026, features Carol Massar discussing ARLP, AMR, HCC, S. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Carol Massar · Tickers: ARLP, AMR, HCC, S