Traders got ready for the first sale of MDA Space Ltd at the New York Stock Exchange on March 12, 2026. This is important because the company is entering the stock market.
On Thursday night, stock futures rose slightly after comments from the Israeli Prime Minister, Benjamin Netanyahu. He said Israel is helping the U.S. with intelligence to open the Strait of Hormuz, a key waterway for oil shipping. This made investors feel less worried about the ongoing U.S.-Iran war. Dow Jones futures went up by 100 points, or 0.2%, while S&P 500 and Nasdaq-100 futures also gained 0.2%.
On Thursday, many stocks fell but recovered by the end of the day. Netanyahu mentioned that Iran could not enrich uranium or make ballistic missiles. He suggested that the conflict might not last as long as some people fear. However, West Texas Intermediate (WTI) oil prices dropped after his comments, although WTI is still more than 48% higher this month.
Experts believe that the future market actions depend on the opening of the Strait. Overall, major stock averages are still on track to see their fourth losing week. The Dow and Nasdaq are close to correction territory as they fall from their previous highs.
