CNBC Business News Update - Market Close: Stocks Lower, US Crude Oil Closes Above $100 Per Barrel For The First Time Since 2022, JetBlue Raises Bag Fees 3/30/26

Episode Date: March 30, 2026

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I'm Jessica Eddinger. CNBC, Wall Street opens Tuesday morning. After a mixed day for stocks, the Dow eeked out again, 49 points. Salesforce shares led it higher. They were up 3%. The S&P 500 index was down 25 points, and the NASDAQ was down 153 points, about 3 quarters of a percent. Shears of InVIDIA were down Monday, almost 1.5 percent. Companies who shares hit fresh all-time highs Monday, include the energy names. Exxon, Chevron, Phillips 66, Valero, and Marathon Petroleum. One trading day left in March, the Dow and the S&P 500 index are each on pace for their worst months since September of 2022. U.S. crude oil closed at more than $100 a barrel Monday for the first time since 2022, and here go prices at the pump. Gas prices could accelerate within the next 24 hours. You made me want to go fill up my car. Yeah, and again, you know, we're on $3.99.

You don't have to be Nostradamus to predict that one. That we're going to get another penny or so move up over the next 24 hours. That's Opus Oil analyst Denton Sinkwenggana with CNBC's Leslie Picker. And Denton says, look at diesel because that one's going to hit you too. You have diesel prices in the United States, well over the $5 a gallon level, pushing towards almost $2 above where they were at this time last year. That's going to have an economic impact where, shippers are going to be charging diesel fuel surcharges to customers. And at the end of the day, that's going to be passed on to the end user, which is you and I when we're buying stuff at the stores.

What pushed oil up Monday? Here's CNBC's Brian Sullivan. President Trump now actively threatening Iranian oil. He wrote in part, quote, we will conclude our lovely stay in Iran by blowing up and completely obliterating all of their electric generating plants. oil wells and Karg Island, end quote. Here are some of the other key headlines. The Houthis, the terror group, they've officially entered the fight. And Kipler now says that over 11 million barrels per day, about one-tenth of global oil supply, maybe offline. Oil isn't the only thing not moving around the globe because of the U.S. war on Iran with the Strait of Hormuz.

Too unsafe to travel. aluminum. If you like a nice cold Coors from a can, the company's one of many already talking about this. Aluminum prices are rising after Iran targeted the two largest single-site smelters in the Middle East. Emirates Global Aluminum, saying that its site in Abu Dhabi sustained, quote, significant damage with aluminum Bahrain also hit. Together, the facilities produce about 4% of global supply, according to J.P. Morgan. Last year, about 21% of U.S. primary aluminum imports came from the region. according to S&P Global. CNBC's Pippa Stevens.

JetBlue Airways raising checked bag fees by at least $4 a bag as fuel prices soar. United Airlines CEO has said that airfares have had to go up around 20% to cover higher fuel costs. On Tuesday's watch list, it'll be the final trading day of March. Earnings will come from Nike Spicemaker McCormick and Dave & Busters. We get the latest on job opportunities and labor turnover. we get the new home price numbers from S&PK Schiller, and we'll get new consumer confidence data. Jessica Eddinger, CNBC.

The all-new morning call. I'm Morgan Brennan, and this is your morning call. 5 a.m. Eastern, CNBC.