Stocks shake off Tuesday's oil rise — plus, Amazon debuts even faster delivery
Airfind news item
By Matthew J. Belvedere
Published on March 17, 2026.
Oil prices rose sharply on Tuesday, despite a period of an inverse relationship between crude and equities, with major stock benchmarks including the S & P 500, Nasdaq, and Dow all showing a positive trend. The rise in oil prices was attributed to the Iran war, as U.S. allies were reluctant to provide tanker escorts through the Strait of Hormuz. Meanwhile, Amazon announced new one-hour and three-hour delivery options for U.,S. customers across certain areas in the country. The new speedy delivery options include more than 90,000 products and are available in hundreds of cities, including Los Angeles, Chicago, and Washington, D.C. DuPont's $1.8 billion divestiture of its Aramids business, which includes Kevlar, is expected to close on April 1. The company's strategy to be more focused and streamlined is part of its strategy to shift towards faster-growing, less cyclical businesses. The Federal Reserve wrapped up its two-day monetary policy meeting and Jerome Powell, whose term as Fed chairman, will be watched closely for his thoughts on the war and high oil prices.
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