Oil prices soar, and stocks end mixed in volatile trade
By Chris Prentice and Marc
Jones
Thu April 2, 2026 8:18 PM
Wall Street rallied like crazy the last two days almost entirely due to expectations that Trump would be announcing the end of the war last night. Then he did exactly the opposite, not only no end but at least a few more weeks of even more intense fighting. All the optimism faded and there was a huge crash right at open, the Dow coming down almost 700 points with the other indexes following suit. But it must have been the case come 10 a.m. that sentiment switched to business as usual as investors knew full well that it’s difficult to interpret Trump.