Stocks Close Off Lows As Iran War Continues… And A Consumer Spending Warning 3/3/26

CNBC's "Fast Money"

CNBC

News, Investing, Business

3.9 • 1.3K Ratings

🗓️ 3 March 2026

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Stocks dropping early in the session before cutting the losses, as investors digested the latest developments out of the U.S.-Iran War. The latest headlines out of DC and the key levels the Fast Money traders are watching ahead of tomorrow’s session. Plus Target bucking the sell-off after reporting results this morning, but one former retail chief says the Iran oil shock may put a major strain on consumer spending. Fast Money Disclaimer

Transcript

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0:00.0	Live from the NASDAQ market site right here in the heart of New York City's Times Square,
0:05.9	this is fast money. Big night tonight. Here's what's on tap. Stocks, they tried to stage a rebound
0:12.0	after a big drop at the open still. It was right across the board. At the end of the day,
0:16.9	we're going to break down all the action, bottom to top, and try to make sense of what
0:22.2	is coming next.
0:23.7	On target, the retailer hitting 52-week highs today after its first earnings report under its new
0:30.2	CEO.
0:30.7	What is driving those gains and what does it say about the company and the consumer?
0:36.0	Oil prices jumping.
0:39.7	But is there relief soon in sight?
0:43.4	You had software stocks outperforming on a big down day for tech and the latest move lower in the private credit market
0:46.6	what Blackstone President John Gray had to say about the recent route in that sector.
0:51.4	Hi, everybody, I'm Brian.
0:52.7	In for Melissa Lee, coming you live from
0:54.8	Studio B right here at the NASDAQ. And on your desk tonight, we've got Tim Seymour, Steve Grasso,
0:59.8	Dan Nathan, and Guy Adami. And we begin with really jittery action in the stock market today.
1:06.8	Trader concerns over the deepening conflict war in the Middle East weighing on stocks.
1:11.6	But major index is closing well off their lows of the day.
1:15.6	At one point, the Dow was down more than 1,200 points.
1:20.2	It closed down less than 1% lower.
1:23.1	The NASDAQ and the S&B did fall.
1:25.3	They lost about 1%, but again, over 8% less than they were down earlier in the session.
	...

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