US Macro Daily(Beta Mode)
Stocks Rally, Oil Plunges
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| S&P 500 | 6,795.99 | +0.83% |
| Nasdaq 100 | 24,967.25 | +1.32% |
| Dow Jones | 47,740.80 | +0.50% |
| Russell 2000 | 2,553.67 | +1.12% |
| USD/JPY | 157.76 | -0.42% |
| EUR/USD | 1.16 | +1.04% |
| GBP/USD | 1.35 | +1.13% |
| Gold | 5,180.70 | +1.75% |
| WTI Crude | 88.89 | -6.20% |
| Bitcoin | 70,850.45 | +3.58% |
| US 2Y Treasury | 3.56% | -0.28% |
| US 10Y Treasury | 4.15% | +0.48% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
US 30-Year Mortgage Rate | Type: macro_line | Mortgage Rate %: 6 (2026-03-05) | Range: 2.77–7.79 | Trend(5pt): 3.05,5.23,7.12,6.69,6
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| ADP Employment Change Weekly | 12,750 | - | 04:15 |
| Existing Home Sales | 3.9m | 3.9m | 06:00 |
| Existing Home Sales Month-over-Month | -8.40 | - | 06:00 |
| API Weekly Crude Oil Stocks | 5.6m | - | 12:30 |
| Wednesday (2026-03-11) | |||
| MBA 30-Year Mortgage Rate | 6.09 | - | 03:00 |
| Core Inflation Rate Month-over-Month | 0.30 | 0.20 | 04:30 |
| Core Inflation Rate Year-over-Year | 2.50 | 2.50 | 04:30 |
| Inflation Rate Month-over-Month | 0.20 | 0.30 | 04:30 |
| Inflation Rate Year-over-Year | 2.40 | 2.40 | 04:30 |
- US stocks climbed, led by tech and small caps, with Nasdaq 100 up 1.32%.
- WTI crude dropped 6.20% to $88.89 amid inventory concerns, bucking global tensions.
- Yields mixed: 10Y rose to 4.15%, dollar weakened against euro and pound.
Yesterday's Recap
US markets ended higher on March 9, with the S&P 500 up 0.83% at 6,795.99, fueled by tech gains and sector rotation. The Nasdaq 100 rose 1.32% to 24,967.25 on semiconductor strength, the Dow Jones gained 0.50% to 47,740.80, and Russell 2000 advanced 1.12% to 2,553.67. Treasury yields diverged, with the 2Y falling 0.28% to 3.56% on safe-haven demand, while the 10Y climbed 0.48% to 4.15% due to inflation worries.
Currencies shifted as EUR/USD increased 1.04% to 1.16 and GBP/USD rose 1.13% to 1.35, with USD/JPY down 0.42% at 157.76. Commodities varied: gold surged 1.75% to 5,180.70 on geopolitical risks, Bitcoin rose 3.58% to 70,850.45, but WTI crude fell sharply by 6.20% to 88.89, likely from builds in inventories or softer demand signals. No significant US economic data was released, allowing markets to focus on international developments, where Iran tensions initially weighed on sentiment but did not halt equity advances.
The Day Ahead
Today's highlights include ADP Employment Change Weekly at 4:15 ET, providing labor insights before payrolls. Existing Home Sales at 6:00 ET, consensus 3.9 million, will assess housing amid elevated rates, alongside MoM changes. API Weekly Crude Oil Stocks at 12:30 ET may sway energy prices after oil's decline.
Tomorrow features key inflation data: Core Inflation Rate MoM consensus 0.2%, YoY 2.5%; headline Inflation Rate MoM 0.3%, YoY 2.4%; CPI at 4:30 ET. Fed's Bowman speaks at 4:30 ET, offering policy hints. EIA inventories at 6:30 ET will detail crude and gasoline stocks, influencing commodities.
MBA 30-Year Mortgage Rate at 3:00 ET and Monthly Budget Statement at 10:00 ET round out the day.
Other Economic Notes
US economy shows resilience with unemployment at 4.40%, supporting spending but risking wage inflation. Verified CPI YoY at 2.31% indicates cooling pressures, though above the Fed's target, complicating easing paths. Housing faces headwinds from high rates, as seen in upcoming sales data, while energy volatility persists from global events.
Labor stability aids growth, but geopolitical risks could amplify commodity swings and inflation.
