CNBC Business News Update Market Midday: Stocks Higher, US Crude Oil Now Higher, Apple Introduces Its Cheapest Macbook 3/4/26
Mar 4, 2026
Larry Adam, Raymond James economist warning about rising inflation risks. Jeff Curry, energy markets commentator explaining how supply disruptions could lift crude prices. Phil Camparelli, J.P. Morgan strategist on market resilience and the role of diversification. They discuss oil supply tensions, inflation pressure from energy, market rallies, and Apple’s new affordable MacBook in short, focused segments.
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Big Tech Driving Midday Market Rally
- U.S. stock indexes climbed midday with the Dow up about 0.5%, S&P 500 up 1%, and the Nasdaq up 1.5%.
- Amazon led gains (+3.5%) and NVIDIA rose ~2.5%, showing big tech drove the rally.
Diversification Still Works Despite Recurring Shocks
- Markets keep finding new all-time highs in names like Valero, Ross Dress for Less, and J.B. Hunt despite recurring shocks.
- Phil Camparelli argues diversified portfolios work and oil at ~$75 is manageable given 2024's ~$81 average.
Prepare For Oil Price Pressure From Middle East Tension
- Expect oil to move higher amid Middle East disruption and tightening global flows, which can lift bond yields and inflation risks.
- Monitor geopolitical chokepoints like the straits and oil inventories referenced by Jeff Curry for near-term price pressure.