Stock Market Update
02-Apr-26 11:00 ET
Stocks make sharp move off early lows amid Strait of Hormuz headlines
Dow -99.37
at 46465.26,
Nasdaq -47.52
at 21793.44,
S&P -7.95
at 6569.46
[BRIEFING.COM] The S&P 500 (-0.2%), Nasdaq Composite (-0.2%), and DJIA (-0.2%) made a sharp move higher following a report that Iran is drafting a proposal with Oman regarding traffic through the Strait of Hormuz, according to Bloomberg.
Oil prices eased modestly following the report but remain firmly higher, with WTI crude currently up $8.53 (+8.5%) to $108.65 per barrel.
Stocks have moved broadly higher in response, leaving just the consumer discretionary (-1.0%), communication services (-0.2%), and industrials (-0.1%) sectors in negative territory. The top-weighted information technology sector (+0.2%) now trades higher after an opening loss of over 1.0%.
