CNBC Business News Update Market Midday: Stocks Lower, US Crude Tops $100/Barrel, Gold On Pace For It's Biggest Weekly Pullback Since 1983, 7 States Now In The "4 Dollar Gas Club" 3/19/26
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Mar 19, 2026 Diana Olick, CNBC real estate reporter known for housing market coverage, breaks down a sharp 17.5% plunge in January new home sales. She explores causes beyond mortgage rates and what the sudden drop could mean for builders and buyers. Short, clear takes on shifting housing demand and market signals.
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Market Midday Drops Led By Boeing And Tech
- U.S. stocks were trading lower midday with the Dow down about 0.5% and the Nasdaq down roughly 0.5%.
- NVIDIA slid 0.8% while Boeing led losses, weighing on the S&P 500 which was down 28 points at noon Eastern.
Oil Tops $100 On Escalating Energy Strikes
- U.S. crude (WTI) topped $100 a barrel midday, driven by escalating strikes on energy assets.
- Megan Hsu warned that continued tit-for-tat strikes could prolong higher energy prices and become a headwind to earnings.
Gold Sees Biggest Weekly Pullback Since 1983
- Precious metals fell sharply: gold down ~10% for the week — its worst weekly drop since 1983 — and silver pacing for its worst week since January.
- These moves followed a month-long run-up into the pullback, signaling rapid profit-taking.