US Stocks Slip Back into the Red Amid Volatile Trading
2026-04-02 18:03
By
Joana Taborda
1 min. read
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.