CNBC Business News Update Market Open: Stocks Lower, OIl Higher, but US Crude Is On Pace For Its Second Slightly Lower Week In A Row, Netflix Raises Prices 3/27/26
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Mar 27, 2026 Markets skid lower while bonds and oil climb, with U.S. crude pacing for a slightly down week. Discussion covers how higher oil could ripple through fertilizers, plastics and petrochemicals. Shifts in Fed rate expectations spark investor concern. Netflix rolls out U.S. price increases across tiers. Merger talks surface among major spirits makers, and tech and auto industry moves make headlines.
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Markets Shift From Rate Cut Bets To Inflation Fears
- U.S. markets opened sharply lower as investors shifted from expecting Fed rate cuts to fearing higher rates amid rising inflation and yields.
- Jessica Ettinger cites the Dow down ~370 points, S&P down 50, Nasdaq down 219 and rising bond yields driving the change in sentiment.
Oil And Yields Rise While Gold Pulls Back
- Geopolitical tensions a month after the U.S. strike on Iran pushed oil and bond yields higher while gold collapsed this week.
- Jessica Ettinger notes gold is still up 44% year-to-date but down ~16% month-to-date to $4,408/oz.
Strait Of Hormuz Disruptions Lift Brent Above $110
- Oil prices rose to about $98/bbl U.S. crude but are pacing for a second slightly lower week despite Brent topping $110 after Chinese ships were turned away from the Strait of Hormuz.
- CNBC notes shipping disruptions near Iran are pressuring global crude benchmarks and national gasoline averages near $3.98/gal.