Closing Bell: Market Turbulence Continues as Energy Prices Climb

Key Points

• Equities finished lower as Middle East tensions intensified, with the S&P 500 down 0.94%, Nasdaq-100 off 1.09%, and Russell 2000 falling 1.79%.
• MongoDB shares dropped 22% after earnings as softer Q1 and full-year revenue guidance overshadowed a solid Q4 beat.

Markets ended the day lower as geopolitical events in the Middle East continued to escalate. The S&P 500 (SPX) declined 0.94%, the Nasdaq-100 (NDX) fell 1.09%, and the Russell 2000 (RUT) dropped 1.79%. Every sector in the S&P 500 finished lower on the session, with Materials and Industrials emerging as the biggest laggards.

MongoDB Down 22% After Earnings

MongoDB delivered a clear beat in Q4, with revenue of $695.1 million up 27% year over year, ahead of consensus expectations, and adjusted EPS of $1.65 also topping estimates. However, the outlook tempered investor enthusiasm. Q1 FY27 guidance came in slightly light on EPS, while full-year revenue guidance was modestly below consensus despite adjusted EPS tracking slightly above expectations. Management highlighted solid go-to-market execution and continued Atlas momentum, though noted that AI features are not yet a material growth driver and that the consumption-based model limits visibility into the back half of the fiscal year.

President Trump Announces Support for Oil Tanker Insurance

President Donald Trump ordered U.S. support for oil tanker insurance and signaled that the Navy could escort ships through the Strait of Hormuz as escalating Middle East conflict disrupts shipping and drives oil prices higher. The move aims to stabilize energy markets amid rising war-risk premiums that have increased insurance and shipping costs and constrained crude flows through a key global shipping route. WTI Crude finished the session up over 4%.

Market Events for Tomorrow (ET)

8:15 AM

• ADP Non-Farm Employment Change

9:45 AM

• Final Services PMI

10:00 AM

• ISM Services PMI

10:30 AM

• Crude Oil Inventories

2:00 PM

• Beige Book 

Notable Earnings for Tomorrow

• A.M: ANF, BBWI, BF/B, DY, GENI, WIX

P.M: AEO, AVGO, CHPT, CBRL, GO, OKTA, RGTI, STUB, VEEV

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