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.
It was time for “Trump is just being Trump” for, thus, at that hour, buying began again and reached break-even by 10:30 and sort straddled the break-even mark the rest of the day signaling a lot of mixed sentiment. Trump and Iran continue to exchange threats and contradictory messages of de-escalation with threats of more attacks. Oil has again skyrocketed today up 11% in a single day. Per the CBOE, volume at 17.2 billion noting caution vs the 20.2 average. Thankfully, the market is off for three days for everyone to digest all this before the next trampling.
DJ: 46,565.74 +224.23 NAS: 21,840.95
+250.32 S&P: 6,575.32
+46.80 4/1
DJ: 46,504.67 -61.07 NAS: 21,879.18
+38.23 S&P: 6,582.69
+7.37 4/2
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