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Closing Bell

Closing Bell Overtime: Stocks Set Fresh 2026 Lows as War Ripple Effects Batter Investors 3/12/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 12 March 2026

⏱️ 44 minutes

🧾️ Download transcript

Summary

Eric Johnston of Cantor Fitzgerald asses the market outlook and explains why near term risks for stocks may rise over the next week or two even as he sees the pullback creating a buying opportunity. Earnings drive the tape with results from Adobe, Lennar and Ulta Beauty. Brian Schwartz of Oppenheimer reacts to Adobe’s results and management change. Julie Biel of Kayne Anderson Rudnick discusses whether software remains a strong long term bet and why companies with proprietary data and regulatory advantages may prove harder for new disruptors to challenge. Renewed strength in cybersecurity stocks and growing debate over whether global tensions could push digital conflict into a new phase with CSIS’s Lauryn Williams.

Transcript

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0:00.0

The bell's bringing in to the trading day at the NYSC.

0:05.0

Vulcan materials ringing the bell at the NASAC.

0:08.0

KLA 10 Corps doing the honors.

0:10.0

Welcome to closing bell overtime.

0:11.0

We're live from Studio B at the NASAC market site.

0:13.0

I'm Melissa Lee along with Mike Santoli.

0:15.0

Sox taking another leg lower today.

0:17.0

The Dow finished the session down almost at the session lows.

0:20.0

1.6% is a loss there.

0:22.5

The S&B 500 down by 1.5%. Of course, oil was a big story. Without a doubt, continuing to move

0:28.1

higher, getting closer to that $100 a barrel level on WTI crude. As Iran continues to make

0:34.4

threats about the straight-of-horm moves. We'll get the latest on that,

0:55.7

along with all the stocks making moves, plus what's happening in the bond market. And we've got some earnings to watch this hour as well, Adobe, Alta Beauty, and the homebuilder, Lanar. Meantime, yeah, we did close on the lows. Yeah. S&P 500 is above the intraday lows from Monday, but it's almost 5% as a peak to trough decline.

0:57.3

Maybe you say no big deal.

0:55.7

I think the big debate is, 500 is above the intraday lows from Monday, but it's almost 5% as a peak to trough decline.

1:01.6

Maybe you say no big deal. I think the big debate is, does this reflect composure or complacency?

1:07.4

Is the market actually trying to, in a sober way, look through these challenges? Or are we just kind of hoping that we get a window and escape hatch from some kind of help on the

1:12.9

headline front? You know, oil at 100. We were at 120 for a blink the other day. We did close

1:18.8

below the December low in the S&P. That's one of those things where old logic says that's not good

1:23.9

going into the first part of a year. I thought it felt like finally today, we sort of got the response you might think you

1:30.6

would get to accrued up 10% in one session.

1:33.7

We saw the typical sort of slight bid for staples.

...

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