Last week, US markets experienced severe volatility driven by the outbreak of the war in the Middle East, which led to attacks on energy infrastructure and fears of a prolonged conflict following military strikes. The event has created significant risks to global oil and gas supply, with WTI crude oil spiking almost 50% month-to-date. The S&P 500 finished the week -2% and Nasdaq -1.2% as the conflict escalated.
The war triggered a notable rotation away from technology stocks, with energy and defense sectors rallying. In fixed income markets, Treasury yields rose 15-20bps higher due to inflation concerns. Meanwhile, credit spreads widened also led by concerns over the private credit industry, with US High Yield spreads +20bps and Investment Grade +2bps.
Safe-haven assets had mixed performance, with gold and silver prices down, as well as short term Treasuries. Meanwhile, Bitcoin demonstrated relative resilience to the initial shock despite experiencing volatility throughout the week. The US Dollar Index (DXY) strengthened as investors sought the safety of the world's reserve currency amid the geopolitical uncertainty and supply shock concerns.
Financial Education
Weekly Market Update – March 9th, 2026
Published at 09/03/2026
InterCommunications
Inter (NASDAQ: INTR) is the pioneer financial super app serving over 40 million consumers across the Americas. The Inter ecosystem offers a broad array of services, including banking, investments, mortgages, credit, gift cards, and cross-border tools. The super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across the globe. The company is expanding rapidly in the United States, as evidenced by its naming rights sponsorship of the Inter&Co Stadium that hosts soccer teams “Orlando City” and “Orlando Pride”. Focused on innovation and captivating member experiences, Inter&Co delivers comprehensive financial and lifestyle solutions to meet the evolving needs of modern consumers.
