Apr 03, 2026
3 min read
Wall Street turned negative again after Trump's Spanish speech early in the morning that investors did not like at all and sent the price of oil rising in the international resource market back to $110 per asset.The reason is, his speech does not explain anything about the end of the war or the re-opening of the Strait of Hormuz.
Wall Street returns to the negative.And that investors like nothing less than total uncertainty, and what they see now after Donald Trump's speech this morning, which brought nothing new or clarity about what everyone expected: the end of a war in the Middle East, which is gaining traction and intensity and which clearly damages the rest of the world, especially the economic world, and which in the worst case could lead to a scenario of recession and above all prolonged.
An unstable and uncertain panorama with the speech of the American president in the Oval Office without contributing anything new to what is already known: according to his speech, the war will still last two to three weeks and, in his opinion, the Strait of Hormuz will "open itself" when the "terrorist fury" campaign ends.
"In the next two or three weeks, we will return them to the Stone Age, where they belong," said the president, confirming that the attacks will continue in the coming days, far from a negotiated solution.
At the open on Wall Street, the Dow Jones fell 1.30% to 45,933 points, the S&P 500 fell 1.26% to 6,493 points and the Nasdaq Composite fell 1.62% to 21,480 points in the first minutes of trading.
By the way, today will be the last trading day of the week on Wall Street, although the US jobs report will be released tomorrow, there will be no trading on the NYSE or Nasdaq on Good Friday.
Today we learned that weekly claims for jobless benefits reached 202,000, below expectations of 212,000, and 2,111,000 registered last week.
In February, the US trade deficit reached 57.3 billion US dollars, which is less than expected.
On this basis, investors reversed course after yesterday's optimism, when Wall Street closed significantly higher on hopes of a rebound.The S&P 500 rose 46.92 points, or 0.72%, to 6,575.44, the Nasdaq OMX gained 251.97 points, or 1.17%, to 21,842.59, and the Dow Jones Industrial Average rose 226.66 points, or 0.49%, to 46,568.17.
Kevin Mahn, investment director at Hennion & Walsh, points out, in statements to CNBC, that "the longer oil prices remain high, the less consumers will spend and the more the economy will shrink".He added that he does not foresee the Federal Reserve changing interest rates in the near future, so "we will have to wait for the conflict to be resolved to see relief when it comes to oil prices and inflation".
Regarding the business news, it should be said that the presentations of the results of some companies are due next week.Among them, next Tuesday and Wednesday, April 8, before Wall Street opens for Delta Air Lines and the closing of the brewing company Constellation Brands, it is the turn of Levi Strauss.By the way, today, the airlines facing a new and strong increase in the price of oil are losing positions.
The data comes from Tesla, which reported 358,000 vehicle deliveries in the first quarter, down 14% from the previous quarter, but 370,000 expected. It lost more than 4.5% in open.
Eli Lilly & Co. was one of the protagonists of the session, after learning that its weight loss pill, called Fondaio, received approval from the FDA, the United States Food and Drug Administration.The drug received approval in 50 days, which became the fastest approval process for a drug in its class and marked advances in the treatment of excess weight.
In addition, shares of major semiconductor companies fell sharply.Micron Technolog and Sandisken led the decline, falling more than 4.8%.NVIDIA fell 2.4%, while shares of mega-caps Intel and Advanced Micro D fell 2.6% and 2.2%, respectively.
Shares of Taiwan Semiconductor Manufacturing Co., a contract manufacturer for several U.S. chip designers, fell 3%.Chips from U.S. companies, made in Asia by TSMC, power most of the world's phones, electronics, cars and other electronic equipment.A disruption in the semiconductor supply chain will have serious repercussions across several industries, and the Strait of Hormuz remains virtually blocked.
Cuts also for cruise lines due to the delay in ending the conflict.For example, Carnival and Norwegian Cruise Line had declines of 4% or more.
On the other hand, shares of energy companies and oil prices rose.APA gained 4.3%, Diamondback Energy, ConocoPhillips, Exxon Mobil and Chevron with advances around 3%.
Globalstar makes more than 15% of profits. Mobile satellite providers saw a 15% increase after the Financial Times reported that Amazon was in talks to acquire the company.Amazon shares fell more than 2%, Amazon declined to comment, and Globalstar did not immediately respond to a request for comment.
Still with new challenges for personal loans because Blue Owl limits the payment of personal loan funds to 5% after many applications.
Oil prices rose sharply on Friday after President Donald Trump said the US would continue to attack Iran without meeting a specific deadline for ending the war, prompting investors to fear long-term supply cuts.
Brent crude oil futures rose 8.04% to $109.30 a barrel.U.S. West Texas Intermediate crude oil futures rose 12.93% to $113 a barrel.
The US dollar also rose with the dollar index up 0.49 to 100.15 and the US Treasury note.The 10-year increased its yield by 0.49% to 4.341%.
