empty
 
 

02.04.202614:59:33UTC+00US Stocks Pare Most Losses, Attempt a Rebound

The three major US stock indices pared early losses to trade near the flatline on Thursday, with the Dow Jones rebounding from an initial drop of about 600 points. The S&P 500 and the Nasdaq, both down more than 1% earlier in the session, also recovered much of their declines.

Volatility is expected to remain elevated as traders digest the latest geopolitical developments in the Middle East. Intensifying rhetoric from President Trump has reinforced fears of a prolonged conflict with Iran and the potential for a global energy shock. He vowed more forceful action against Iran but did not provide specific plans to reopen the Strait of Hormuz. Crude oil prices continue to trade near their 2022 highs.

In sector moves, consumer discretionary stocks lagged, while energy, utilities, and real estate shares led the advance. Among notable movers, Tesla slipped about 4% after reporting weak first-quarter deliveries. Meta fell roughly 1%, Nvidia edged up 0.3%, and Netflix gained around 2%.

US equity markets will be closed on Friday in observance of the Easter holiday.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback