Markets opened in red on March 27 as geopolitical tensions kept investors on edge.
The market reaction followed President Donald Trump's extension of a deadline tied to potential strikes on Iran's energy infrastructure to Apr. 6, signaling a temporary pause as negotiations continue.
Trump said in a Truth Social post,
"Talks are ongoing and, despite erroneous statements to the contrary by the Fake News Media, and others, they are going very well."
However, Iran has indicated that it is reluctant to engage in talks while reports suggest the Pentagon may consider additional troop deployments.
Meanwhile, disruptions in the Strait of Hormuz, which is a critical oil route, are adding to global supply risks.
Related: Bloomberg analyst warns against overreading Bitcoin and gold debate amid Iran war
Stocks open in red
U.S. stock futures and crypto prices moved lower in early trading, while oil extended gains amid ongoing uncertainty in the Iran conflict.
Dow futures dropped 202 points (0.44%), with S&P 500 and Nasdaq 100 futures down 0.43% and 0.62%, respectively.
Energy markets told a different story. Brent crude climbed 2% to top $110 per barrel, while West Texas Intermediate (WTI) crude rose a similar margin to around $96.9, reflecting persistent supply concerns.
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Crypto follows Wall Street
Crypto also slid lower to the red side.
At press time, Bitcoin (BTC) had slipped to its lowest in two weeks, to $66,453.3, after falling by 4% overnight.
In the same time frame, Ethereum (ETH) also dropped by 4% and was trading near $1,984. XRP(XRP) had dropped by 3.2% to $1.33 while Solana (SOL) fell by 5.1% and was trading near $83.17.
Major crypto stocks were also suffering during pre-market hours. Largest crypto exchange in the U.S., Coinbase (NASDAQ: COIN), was down 3.28% while its peer Robinhood (NASDAQ: HOOD) also dropped by 3.44%.
Meanwhile, stablecoin issuer Circle (NYSE: CRCL) was down 3.5%.
Related: Coinbase, Circle stocks tumble as stablecoin rewards receive no 'clarity'
This story was originally published by TheStreet on Mar 27, 2026, where it first appeared in the Trading News & Analysis section. Add TheStreet as a Preferred Source by clicking here.
