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Market update Score 65 Neutral

Markets Muted as Mixed Iran War Reports Influence Oil and Tech Sectors

Apr 02, 2026 21:42 UTC
CL=F, ^VIX, XOM
Immediate term

Stocks ended the week with modest gains as conflicting reports on the Iran conflict influenced oil prices and sector performance. Energy and defense stocks saw notable movements amid uncertainty.

  • S&P 500 rose 0.11% to 6,582.69
  • Nasdaq Composite gained 0.18% to 21,879.18
  • Dow Jones Industrial Average slipped 0.13% to 46,504.67
  • Brent crude gained 8% to finish at $109
  • Tesla dropped over 5% after Q1 sales miss
  • Blue Owl Capital announced withdrawal restrictions on two funds

April 2, 2026, saw stock markets close with muted activity as conflicting reports on the Iran conflict influenced investor sentiment. The S&P 500 rose 0.11% to 6,582.69, while the Nasdaq Composite gained 0.18% to 21,879.18. The Dow Jones Industrial Average slipped 0.13% to 46,504.67. The week ended with the S&P up 1.63%, reflecting cautious optimism. The Iran conflict's impact on oil traffic remained a focal point, with reports suggesting Iran is drafting a protocol with Oman to allow passage through the Strait of Hormuz. This development helped ease some market pressures, though oil prices still rose 8% to $109 per barrel for Brent crude. The energy shock has raised concerns about inflation and supply chain disruptions, particularly affecting airline and travel stocks. In the tech sector, Tesla dropped over 5% after missing Q1 sales estimates, while Rivian Automotive gained over 3%. Microsoft and Advanced Micro Devices saw gains of 1.01% and 3.36%, respectively. Private credit concerns resurfaced as Blue Owl Capital announced withdrawal restrictions on two of its funds, adding to investor unease. The mixed signals from the Iran conflict and sector-specific developments kept markets in check, with energy and defense sectors most affected by the geopolitical uncertainty.

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