Stock Market Today (LIVE): Wall Street Opens Cautiously as Strong Jobs Report and Iran Deadline Set the Tone for the Week
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Top of the Morning
9:35 am
By Nick Sciple
Team Rule Breakers
It’s starting to feel like Groundhog Day. Five weeks after the first U.S. and Israeli strikes on Iran, the Strait of Hormuz remains effectively closed. Oil continues to surge well above $100 per barrel. And President Trump is still dishing out ultimatums, claiming the war will be over soon. He said “very shortly” on April 1. He said “very soon” on March 9. The talking points haven’t changed. The strait hasn’t opened. Physical barrels of Dated Brent touched $141 on April 2, the highest since 2008.
But enough about the war. Let’s talk about AI, where things remain weird in their own way.
Opening Bell
9:30 am
The S&P 500 remained nearly flat Monday as investors weighed competing reports of a potential 45-day ceasefire against a Tuesday night deadline set by President Trump. While Pakistan-brokered terms for an immediate end to hostilities have reached both sides, Trump warned on Truth Social that “Tuesday will be Power Plant Day” in Iran if the Strait of Hormuz remains blocked. West Texas Intermediate crude eased to $110 per barrel as traders balanced these peace hopes with the threat of escalated strikes. This session also marks the first opportunity for the Nasdaq to react to Friday’s blowout jobs report, which showed 178,000 positions added, nearly triple the consensus.
This article was created using Large Language Models (LLMs) based on The Motley Fool’s insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. The Motley Fool has a disclosure policy.
