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Source document· March 5, 2026

Stocks Fall as Crude Oil Surge Stokes Inflation Fears

View original at nasdaq.com
Stocks Fall as Crude Oil Surge Stokes Inflation Fears The S&P 500 Index ($SPX) (SPY) today is down -0.67%, the Dow Jones Industrial Average ($DOWI) (DIA) is down -1.46%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.36%…
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  • S&P earnings growth expected to climb by 8.4% in Q4, marking tenth consecutive quarter of year-over-year growth

    80% confidence
  • Inflation is a bigger concern than economic growth as ECB assesses implications of war in Iran

    80% confidence
  • Excluding the Magnificent Seven megacap technology stocks, Q4 earnings expected to increase by 4.6%

    80% confidence
  • Real-time risk premium for crude oil estimated at $18/bbl, corresponding to impact of six-week full halt to tanker traffic in Strait of Hormuz

    80% confidence
  • Report that ChatGPT is pivoting away from on-platform shopping checkout, if true, would be a waterloo moment for AI-disruption of e-commerce

    80% confidence
  • Four of six tanks at Saudi Arabia's Ras Tanura refinery were full, and Ju'aymah terminal is quickly running out of spare capacity

    80% confidence
  • Ships sailing through Strait of Hormuz could be at risk from missiles or rogue drones

    80% confidence
  • Most of company's profit will be generated in second half of the year

    80% confidence
  • Company expects AI chip sales to top $100 billion next year

    80% confidence
  • Recent and expected data reflect a couple months of relatively high inflation, which puts pause to any conclusion that we're done fighting this

    80% confidence
  • Fastenal February daily sales rate estimated at 7.2%

    80% confidence
  • Prolonged conflict in Middle East would risk pushing inflation expectations higher

    80% confidence
  • Trade Desk held talks to help OpenAI sell ads

    80% confidence
What we know · the intelligence behind this page
Live from the substrate
What we're seeing
AI Chip Boom Lifts Semiconductors as Export-Control Gaps Persist
AI infrastructure demand is fueling a broad semiconductor rally — Broadcom's AI chip revenue and Q4 guidance, Amazon's custom silicon crossing a $25B annual run rate, and bullish analyst calls on Micron and Sandisk tied to a memory chip boom underestimated even by bulls — with ASML rallying on sympathy. That momentum runs alongside unresolved US-China tech tensions: Belgium's arrest of a suspect for stealing chip technology for China and a blacklisted Chinese firm still acquiring Nvidia's top AI chips show export-control enforcement lagging the pace of AI chip demand.
Our read on the data ›
Signals we're tracking
EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
Patterns we're watching ›
Where sources disagree
ING Group
Both facts record the same metric (shares_outstanding) for ING Group at the identical observation date (2025-12-31). FACT A states 2,902,437,688 shares; FACT B states 2,902 million shares (2,902,000,000). The difference is 437,688 shares (~0.015%). This is a genuine value conflict, though the discrepancy appears to result from FACT B rounding to the nearest million while FACT A provides the precise count.
We flag conflicts openly ›
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