economy
March 11, 2026
Oil still rules the stock market
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Stocks fell Wednesday as U.S. oil prices climbed over 5%, trading back into the high $80s.
- The S&P 500 traded in a tighter range than the previous volatile session.
- The Investing Club is becoming more constructive about investing new money due to oversold market conditions and historic oil reserve releases.
- Procter & Gamble was bought on a recent dip.
- Increased cyber threats are a risk of the Iran war, with a potential breach at medical device company Stryker possibly tied to an Iranian-linked hacking group.
- Companies must continue cybersecurity spending on top operators like CrowdStrike and Palo Alto Networks.
- Upcoming earnings include Dick's Sporting Goods and Dollar General on Thursday morning.
- Economic data releases include housing starts, building permits, and initial jobless claims.
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