Stock Market Live March 27, 2026: S&P 500 (SPY) Slips Despite Trump Deadline Extension
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Analysts at Wedbush just reiterated an outperform rating on Apple (NASDAQ: AAPL | AAPL Price Prediction), noting that the company “has represented a cornerstone franchise within the tech landscape portraying a new way for humans and technology to interact while keeping personal data private and becoming the conglomerate most-tied to everyday lifestyles,” as quoted by CNBC.
Technically, Apple is starting to bounce off support at its 200-day moving average and the double-bottom support dating back to January. It’s also starting to pivot from over-extensions on RSI, MACD, and Williams’ %R. From its last traded price of $252.89, we’d like to see it retest $270.
Markets are still crumbling.
The S&P 500 is down 0.5%, or by 33 points. The SPDR S&P 500 ETF (SPY) is down 0.36%, or by $2.32. The Dow is down 0.45%, or by 208 points. The Nasdaq is down 0.73%, or by 173 points. Oil is up $2.31 at $96.79. Gold is up by $38 at $4,421. Bitcoin is down $2,129 at $66,648.
That’s even after President Trump extended the Iran negotiations deadline to open the Strait of Hormuz by 10 days to April 6. “As per the Iranian Government request, please let this statement serve to represent that I am pausing the period of Energy Plant destruction by 10 Days to Monday, April 6, 2026, at 8 P.M., Eastern Time,” Trump said on his Truth Social platform.
“Talks are ongoing and, despite erroneous statements to the contrary by the Fake News Media and others, they are going very well,” he added.
Unfortunately, oil supply fears are also wreaking havoc. In fact, we have to consider that about 17.8 million barrels per day of oil, which should have flowed through the Strait of Hormuz, has been disrupted. So far, according to reports, about 500 million barrels have been cut off.
Market Movers: Wells Fargo Reiterates Overweight Rating on Nvidia
Analysts at Wells Fargo just reiterated an overweight rating on Nvidia (NASDAQ: NVDA), noting they still see plenty of upside. “Our Overweight rating is based on our positive stance on NVIDIA’s competitive positioning in gaming GPUs and expanding growth opportunities in data center, HPC, and emerging/expanding AI opportunities (autonomous vehicles, healthcare, robotics, etc.),” as quoted by CNBC.
Wells Fargo also reiterated an overweight rating on Alphabet (NASDAQ: GOOG), raising its price target to $397 from $387. “Believe GOOGL has all the pieces necessary to be an AI winner, with an industry-leading capacity position to support internal efforts (Search, Gemini) and monetize externally through GCP, [Google Cloud Platform] broad distribution network, and vast consumer data.”
In addition, Citi analysts reiterated a buy rating on Netflix (NASDAQ: NFLX), saying it is bullish heading into NFLX’s earnings in April. “We expect 1Q26 revenue and EBIT to modestly beat consensus, primarily due to FX tailwinds. We also expect NFLX to raise its FY26 guidance due to price hikes and lower M&A expenses.”
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