

The U.S. stock market declined for a fourth consecutive week as conflict in the Middle East continued and the Federal Reserve announced no rate change. The market experienced a broad-based sell-off and the Russell 2000 moved into correction territory.
Sector Performance
The market saw a sharp rotation as investors fled growth and cyclical sectors for defensive havens.
CBOE VIX
The VIX rose as trading anxiety increased, with the VIX up approximately 80% year-to-date.
March 18, 2026, was a difficult day for Wall Street as the major indexes fell sharply following the Federal Reserve FMOC announcement and continuing geopolitical tensions. The ongoing conflict in the Middle East and disruptions in the Strait of Hormuz pushed Brent crude toward $110 per barrel, fueling fears of "stagflation", high inflation paired with slowing growth.
The major averages fell late in the day after the Fed maintained interest rates at 3.50%–3.75% and appeared to signal fewer rate cuts.
Energy & Conflict: Ongoing conflict in the Middle East—specifically disruptions in the Strait of Hormuz—pushed Brent crude toward $110 per barrel, fueling fears of "stagflation" (high inflation paired with slowing growth).
The CBOE Volatility Index (VIX) rose as investors looked for protection against a sudden downturn.
Closing: 25.09
+12.16% (from prior close 22.37)
The stock market rallied today, apparently driven by lower oil prices and geopolitical tensions in the Middle East. The major U.S. indexes snapped a four-day losing streak to post their best single-session gains in weeks.
After topping $102 per barrel in the morning, U.S. crude oil dropped toward $93. This decline followed reports that some shipping vessels successfully transited the Strait of Hormuz over the weekend, reducing concerns of a total energy blockade.
CBOE VIX 23.51 -13.53%
The VIX opened at 25.88 and trended lower throughout the day, closing at 23.51. However, the index remains elevated compared to its recent average, suggesting "cautious optimism".
Tech and AI Optimism: Megacap tech-led trading as Nvidia gained 1.6% and Meta Platforms rose 2.3%.
CBOE VIX
The VIX closed the regular session at 27.24, up nearly 7% for the week.
CBOE 9-Day Volatility Index (VIX9D)
The VIX9D closed up strongly, closing the week at 24.44, reflecting a 23% increase over the prior five trading days.
The CBOE Volatility Index (VIX) rose this week, reaching its highest level since October 2025 as geopolitical tensions and jobs data contributed to market uncertainty.
The VIX saw a sharp rise throughout the week, driven by the escalating conflict in the Middle East and concerns over economic stagflation.
The VIX ended the week significantly higher than its previous close.
|
Date |
Close |
|
Friday, March 6 |
24.96 |
|
Thursday, March 5 |
23.75 |
|
Wednesday, March 4 |
21.15 |
|
Tuesday, March 3 |
23.57 |
|
Monday, March 2 |
21.44 |