United States Fed Balance Sheet

US stocks fell on Thursday, with the S&P 500 slipping 0.3%, the Nasdaq dropping 0.4%, and the Dow Jones losing roughly 200 points, though all three pared larger losses seen earlier in the session. A report that Iran is drafting a protocol with Oman to monitor traffic through the Strait of Hormuz helped ease some market pressure. Nevertheless, volatility is likely to persist amid escalating rhetoric from President Trump and crude oil prices remaining near 2022 highs. Yesterday, Trump vowed to take more aggressive action against Iran. Sector performance was mixed: consumer discretionary stocks underperformed, while utilities led gains. Tesla shares tumbled about 5% after reporting weak first-quarter deliveries. Meta declined over 1%, Nvidia edged up 0.5%, and Netflix rose around 2.6%. The US stock market will be closed on Friday in observance of the Easter holiday.

US Stocks Slip Back into the Red Amid Volatile Trading

Brent crude oil futures soared 6% to $108 per barrel on Thursday, the highest in nearly four years, regaining traction on a volatile session as markets reconsidered the magnitude of supply risks from the ongoing war in the Persian Gulf. US President Trump pledged to escalate attacks on Iran and their infrastructure in the next weeks if Tehran does not accept American ceasefire conditions, prompting Tehran to retaliate the aggressive rhetoric. Oil and product prices had eased on reports that Oman and Iran were coordinating a toll for tankers crossing the Hormuz chokepoint, but optimism over the outlook of normalized supplies was short-lived and energy benchmarks rebounded. Consequently, dated Brent benchmarks rose to past $140 per barrel, the highest since 2008. Meanwhile, the UK is hosting talks with dozens of countries on securing the route, while OPEC+ is considering a potential output increase, though any additional supply is unlikely to impact markets in the near term.

Brent Crude Rises Further

WTI crude oil futures soared 11% to cross $111 per barrel on Thursday, the highest in nearly four years, regaining traction on a volatile session as markets reconsidered the magnitude of supply risks from the ongoing war in the Persian Gulf. US President Trump pledged to escalate attacks on Iran and their infrastructure in the next weeks if Tehran does not accept American ceasefire conditions, prompting Tehran to retaliate the aggressive rhetoric. Oil and product prices had eased on reports that Oman and Iran were coordinating a toll for tankers crossing the Hormuz chokepoint, but optimism over the outlook of normalized supplies was short-lived and energy benchmarks rebounded. Consequently, dated Brent benchmarks rose to past $140 per barrel, the highest since 2008. Meanwhile, the UK is hosting talks with dozens of countries on securing the route, while OPEC+ is considering a potential output increase, though any additional supply is unlikely to impact markets in the near term.

Crude Oil Rebounds from Mid-Session Dip

The average rate on a 30-year fixed mortgage rose by 8bps from the previous week to 6.46% as of April 2nd, the highest in seven months. The increase was aligned with the sharp increase in long-dated Treasury yields, as Iranian forces continued to attack energy tankers in the Middle East and disrupt oil supply for the global economy. The consequent surge in fuel prices stoked pro-inflationary risks and drove multiple FOMC members to project no rate cuts this year.

Trending Symbols And Events

Most latest news, events and ideas for smart decisions

Latest News

US Stocks Slip Back into the Red Amid Volatile Trading

Brent Crude Rises Further

Crude Oil Rebounds from Mid-Session Dip

US Mortgage Rates Rise to 7-Month High

Upcoming Events

United States Fed Balance Sheet