By William Collins, consultant in stock markets – Eurasia Business News, April 2, 2026. Article no 2078
The Dow fell 61 points, or 0.13%, paring losses after dropping by more than 650 points earlier. The S&P 500 and Nasdaq rose 0.11% and 0.18%, respectively, erasing losses after each dropping by more than 1.5% earlier.
Trump said the U.S. will strike Iran “extremely hard” over the next two to three weeks, warning the country would be pushed “back to the stone ages,” though he indicated talks with Tehran remain ongoing.
After this statement the U.S. oil futures jumped sharply on Thursday, with WTI gaining more than $11 a barrel to finish at $111.54. This is the biggest one-day dollar gain since April 21, 2020, when prices were rebounding from the Covid crash.
The U.S. national average price of regular gasoline is about $4.08 per gallon as of April 2, 2026, according to AAA. AAA also shows New York at about $4.01 per gallon and California at about $5.89 per gallon for regular gas.
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Treasury yields were mostly muted across the curve. The 10-year Treasury yield (US10Y) moved down 1 basis point to 4.30%, while the 2-year yield (US2Y) dropped 1 basis point to 3.79%. The 30-year yield (US30Y) fell 2 basis points to 4.88%.
On the economic front, initial jobless claims for the week ended March 28 decreased by 9K to 202K, compared to the prior week’s revised level of 211K and against the 213K consensus figure.
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Stocks in Asia and Europe were lower. Japan’s Nikkei 225 sank 2.38% and South Korea’s Kospi fell 4.47%. Germany’s DAX index fell 0.78%, paring losses after dropping 2.66% earlier.
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© Copyright 2026 – Eurasia Business News. Article no. 2078
Eurasia Business News 