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Market update Score 65 Neutral

U.S. Stocks Close Mixed Amid Geopolitical Tensions and Oil Price Volatility

Apr 02, 2026 22:46 UTC
^DJI, ^GSPC, ^IXIC, CL=F
Medium term

U.S. stocks ended Thursday with mixed results as investors grappled with rising oil prices and geopolitical tensions following President Donald Trump's remarks on Iran. The Dow closed slightly lower, while the S&P 500 and Nasdaq saw modest gains.

  • U.S. stocks ended mixed with the Dow slightly lower and the S&P 500 and Nasdaq slightly higher.
  • Geopolitical tensions and rising oil prices influenced market performance following President Trump's remarks on Iran.
  • Iran's foreign ministry announced efforts to manage traffic through the Strait of Hormuz, easing some investor concerns.
  • Ben McMillan of IDX Advisors highlighted ongoing inflationary risks from disruptions to helium production and rising food and fertilizer costs.
  • Tesla shares dropped nearly 5.5% due to weaker quarterly deliveries, while Globalstar shares rose over 13% amid acquisition talks with Amazon.
  • SpaceX reportedly raised its IPO valuation above $2 trillion, potentially making it the largest stock market listing on record.

U.S. stocks closed in a mixed fashion on Thursday, with the Dow Jones Industrial Average ending marginally lower and the S&P 500 and Nasdaq Composite posting slight gains. The market's performance was influenced by rising oil prices and geopolitical tensions following President Donald Trump's televised address, in which he indicated a more aggressive stance toward Iran. Investor sentiment improved in the afternoon after Iran’s foreign ministry announced efforts to draft a protocol with Oman to manage traffic through the Strait of Hormuz. However, concerns about long-term inflationary pressures persist, according to Ben McMillan, chief investment officer at IDX Advisors. He noted that while the reopening of the Strait could ease some immediate issues, the broader economic impacts, such as disruptions to helium production and rising costs for fertilizers and food, are already being felt. The market will also be watching for the March jobs report from the Bureau of Labor Statistics, which is scheduled for release on Friday, though U.S. stock markets will be closed for the Good Friday holiday. In other market news, Tesla shares fell nearly 5.5% after the electric vehicle maker reported its weakest quarterly deliveries in a year. Meanwhile, Globalstar shares surged more than 13% following reports that Amazon is in talks to acquire the low-earth-orbit communication satellite company. Additionally, SpaceX, Elon Musk's rocket and satellite company, reportedly raised its target IPO valuation above $2 trillion, according to a Bloomberg News report.

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