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Market reaction Score 95 Bearish

Nasdaq Expected to Drop Amid Geopolitical Tensions as Trump Warns of Iran Strikes

Apr 02, 2026 11:20 UTC
^IXIC, CL=F, ^VIX
Immediate term

U.S. stocks are poised to decline following a warning from former President Donald Trump that the U.S. would 'hit Iran extremely hard' for up to three weeks, reversing previous gains. The Nasdaq is projected to fall around 1.7% as oil prices surge.

  • Nasdaq expected to fall 1.7% amid heightened geopolitical tensions.
  • S&P 500 futures down 1.3%, Dow Jones futures down 1.1%.
  • WTI crude jumps 8.6% to nearly $108 per barrel.
  • Technology stocks like Nvidia and Alphabet down 2%.
  • Precious metals decline as investors reposition portfolios.
  • Market awaits U.S. macroeconomic data on Thursday.

U.S. stocks are set to open lower on Thursday, reversing gains from the previous day after former President Donald Trump warned of intensified military action against Iran. The Nasdaq Composite is expected to fall approximately 1.7%, while S&P 500 futures have dropped 1.3% and the Dow Jones Industrial Average is down 1.1% in pre-market trading. This follows a more optimistic close on Wednesday, when hopes of a diplomatic resolution had lifted market sentiment. The Nasdaq had risen 1.2% to 21,841 on Wednesday, while the S&P 500 and Dow Jones also saw gains. However, Trump's remarks after Wednesday's close, in which he stated the U.S. would escalate strikes on Iran over the next two to three weeks, have shifted investor sentiment. Oil prices have surged in response, with West Texas Intermediate (WTI) crude rising 8.6% to nearly $108 per barrel, as markets factor in the risk of prolonged disruption through the Strait of Hormuz. Precious metals have declined, with gold, silver, and copper all lower, reflecting a broader repositioning in commodity markets. Technology stocks have been hit particularly hard, with shares of Nvidia and Alphabet down around 2%, while Intel and Micron have fallen 3-4%. The market will also be watching for macroeconomic data, including U.S. weekly initial jobless claims, trade balance figures, and natural gas storage reports.

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