The Dow Jones Industrial Average is in the red Tuesday morning, March 10, surrendering a chunk of Monday's dramatic late-session recovery as markets struggle to find firm footing in an environment still defined by soaring oil prices, an active Iran conflict, and growing stagflation fears.

Dow Jones Live: Down 408 Points as of Late Morning Tuesday

The Dow Jones Industrial Average is trading at 47,093.40 — down 408.15 points or 0.86% as of late morning ET Tuesday. The S&P 500 is at 6,709.75, off 0.45%, while the Nasdaq Composite sits at 22,372.95, down just 0.07%. The Russell 2000 is down 1.31%.

The Dow opened Tuesday at 47,371.28 and has traded as low as 46,615.52 intraday — putting it within striking distance of its 52-week low. The VIX volatility index is at 28.03, down 4.93% from Monday's elevated levels but still signaling elevated uncertainty in the market.

Monday's Dramatic Recovery: Dow Rose 239 Points After Trump Comments

Monday's session told the full story of just how volatile these markets have become. The Dow fell nearly 900 points at its session low before recovering to close up 239.25 points at 47,740.80 — a more than 1,100-point swing in a single session. The S&P 500 rose 0.83% to 6,795.99 and the Nasdaq surged 1.38% to 22,695.95 after President Trump said "the war is very complete, pretty much."

Trump said Iran has "no navy, no communications, no Air Force" — comments that single-handedly sent oil prices crashing from their highs and triggered a broad equity market reversal in the final hours of Monday trading. But Tuesday's early losses suggest markets remain deeply skeptical that the conflict is truly winding down.

The Week That Was: Dow's Worst Weekly Slide in Nearly a Year

Last week the Dow Jones Industrial Average fell 3.01%, the S&P 500 lost 2.02%, and the Nasdaq dropped 1.24% — the worst weekly performance for the Dow since April 2025's tariff-fueled rout.

The S&P financials sector has fallen around 10% in 2026. The worst performers are private credit giants Ares Management, Blackstone, KKR, and Apollo Global Management — all down between 26% and 33% year-to-date.

What Is Moving Markets Tuesday: Iran, Oil, and Upcoming Economic Data

The 10-year Treasury yield stands at 4.136%, up slightly. Crude oil prices remain elevated at around $90 to $94 per barrel, keeping energy sector stocks in the green while hammering industrials, financials, and consumer discretionary names.

The biggest macro event of the week arrives Thursday with Adobe's earnings, and on Wednesday the Consumer Price Index for February will be released — the first major inflation reading since crude oil prices began their historic spike. Markets are bracing for a number that does not yet fully reflect the pain at the pump, but will be closely scrutinized for any early warning signs of an energy-driven inflation surge heading into spring.