Wall Street goes negative again. And investors like nothing less than total uncertainty, and that is what they now visualize after Donald Trump’s speech this morning, which has not brought anything new or clarity about what everyone expects: the end of a war in the Middle East that is gaining traction and intensity and that clearly harms the rest of the world, especially the economic world and that, in the worst case scenario if it continues, can lead us to recession, and especially to the United States.
An unstable and unclear panorama with the words of the American president in the Oval Office without contributing anything new to what was already known: the war will still last, according to his speech, between two and three weeks and In his opinion, the Strait of Hormuz ‘will open by itself’ when the operation that has been called ‘Epic Fury’ is closed.
“Over the next two or three weeks, we are going to return them to the Stone Age, where they belong,” said the president, confirming that attacks will continue to occur in the coming days, far from a negotiated solution.
At the opening of Wall Street, descents for the DOW JONES of 1.30% to 45,933 points, the S&P 500 cuts 1.26%, by 6,493 points and the Nasdaq Composite It fell 1.62% in the first minutes of business to 21,480 points.
By the way, today will be the last business day of the week on Wall Street since, although the American employment report will be released tomorrow, On Good Friday there will be no trading on the NYSE or Nasdaq.
Today we have learned that the Weekly unemployment benefit applications reaching 202,000 below the 212,000 expected and the 2111,000 registered in the previous week.
As for the US trade deficit in February reaches 57,300 million dollars, below expectations.
With that premise, investors turn the tables after yesterday’s hope, in which Wall Street clearly closed with profits in the hope of a rebound. The S&P 500 rose 46.92 points, or 0.72%, to 6,575.44; The Nasdaq OMX gained 251.97 points, or 1.17%, to 21,842.59 units; and the DOW JONES Ind Average advanced 226.66 pointsor 0.49%, at 46,568.17 units.
Kevin Mahn, investment director at Hennion & Walsh, highlights, in statements to CNBC that ““The longer oil prices stay high, the less consumers will spend and the more the economy will slow.”. He added that he does not foresee the Federal Reserve changing interest rates in the near future, so “we will have to wait for the conflict to be resolved to see a respite when it comes to oil prices and inflation.”
Regarding business news, it should be said that the presentation of results for some companies is still to come next week. Among them, those of Levi Strauss next Tuesday and on Wednesday, April 8, the turn will come, before Wall Street opens for those of Delta Air Lines and the brewing company Constellation Brands closes. By the way, today the airlines, faced with the new and strong rise in oil prices, are losing positions.
Data has just come out from Tesla, which reported 358,000 vehicle deliveries in the first quarter, 14% less than the previous quarter, while 370,000 were expected. The company has recorded year-on-year declines in deliveries during the last two quarters of 2025. It lost more than 4.5% in opening.
Eli Lilly & Co is one of the main protagonists of the session, after learning that its weight loss pill, called Foundayo, already has approval from the FDA, the United States Food and Drug Administration. The drug received authorization in just 50 days, becoming the fastest approval process for a drug in its class and marking an advance in treatments for overweight.
In addition, shares of major semiconductor companies fell sharply. Micron Technolog y Sandisk They led the falls, with decreases of more than 4.8%. NVIDIA fell 2.4%, while mega-cap stocks Intel y Advanced Micro D They fell 2.6% and 2.2%, respectively.
Las actions of Taiwan Semiconductor Manufacturing Co.a contract manufacturer for several American chip designers, fell 3%. Los Chips from American companies, made in Asia by TSMC, power most of the world’s phones, electronic devices, cars and other electronic equipment. A disruption in the semiconductor supply chain will have significant repercussions on various sectors, and the Strait of Hormuz remains practically at a standstill.
Also cuts for cruise companies, given the delay in the end of the conflict. Carnival or Norwegian Cruise Line, for example, presented decreases of 4% and higher.
On the other hand, shares of energy companies rose at the same pace as oil prices. Gains for APA of 4.3%, Diamondback Energy, ConocoPhillips, Exxon Mobil and Chevron with advances that were around 3% in all cases.
Globalstar gained more than 15%. The mobile satellite service provider saw a 15% rise following a Financial Times report that Amazon was in talks to acquire the company. Amazon shares fell more than 2%. Amazon declined to comment and Globalstar did not immediately respond to a request for comment.
Still with new problems for private credit, as Blue Owl limits repayments from private credit funds to 5% after a high level of applications.
Oil prices rose sharply this Thursday after US President Donald Trump said the US would maintain attacks on Iran without committing to a concrete timetable for ending the war, stoking investor fears of possible prolonged supply disruptions.
Brent crude oil futures advanced 8.04%until reaching 109.30 dollars per barrel. US West Texas Intermediate crude oil futures rose 12.93%until reaching 113 dollars per barrel.
The dollar also rises with the dollar index that advances 0.49 to 100.15 and the 10-year American bond increases its profitability by 0.49% to 4.341%.