Morning Brief — Wed., April 1, 2026
ES
6,623.50
+0.80%
NQ
24,165.00
+1.05%
VIX
24.33
-3.64%
DXY
99.47
-0.49%
The Big Story
IEA declares worst oil crisis in history as April supply loss set to double March’s
- IEA chief says crisis is worse than both 1970s oil shocks and 2022 Russian gas loss combined; 12 million bpd of supply lost so far; April oil loss expected to be twice March’s
- Saudi oil exports fell 50% in March on Hormuz closure; US officials discussing possibility of $150/barrel oil, Treasury sees prices above $100 for some time
- Iran strikes Amazon Web Services servers in Bahrain; IRGC warns Nvidia, Apple and other tech firms with Middle East operations are ‘legitimate targets’
- Trump signals willingness to exit Iran war without deal while threatening to pull US out of ‘paper tiger’ NATO over allies’ Hormuz reluctance
- Financial conditions index tightens to tightest since June 2025; US MBA mortgage applications fall 10.4% for second straight week, 30-year rate jumps to 6.57%
Pre-Market Price Action
SPY
655.70
Above Prior Day High
QQQ
583.60
Above Prior Day High
AAPL
255.55
Above Prior Day High
AMD
207.10
Above Prior Day High
AMZN
210.60
Above Prior Day High
GOOGL
290.63
Above Prior Day High
META
577.66
Above Prior Day High
MSFT
375.97
Above Prior Day High
NVDA
177.09
Above Prior Day High
TSLA
380.09
Above Prior Day High
Pre-Market Movers
Gainers
TSLA
380.08
+1.35%
NVDA
177.06
+1.19%
AMD
207.15
+1.10%
UNH
273.57
+1.08%
AVGO
314.81
+0.94%
Decliners
XOM
166.75
-0.74%
CVX
204.11
-0.44%
COST
995.00
-0.15%
KO
76.13
+0.04%
META
577.77
+0.13%
Key Levels
| Ticker | Last | PDH | PDL | VWAP | Range Break | Chg |
|---|---|---|---|---|---|---|
| SPY | 655.70 | 651.54 | 637.98 | 644.45 | Above PDH | +3.75% |
| QQQ | 583.64 | 578.64 | 564.21 | 572.43 | Above PDH | +4.54% |
| AAPL | 255.55 | 255.48 | 247.10 | 251.39 | Above PDH | +3.62% |
| AMD | 207.13 | 204.00 | 196.41 | 206.51 | Above PDH | +5.66% |
| AMZN | 210.61 | 210.28 | 204.14 | 205.98 | Above PDH | +4.81% |
| GOOGL | 290.72 | 288.08 | 277.09 | 281.56 | Above PDH | +6.29% |
| META | 577.66 | 573.69 | 546.77 | 552.93 | Above PDH | +7.70% |
| MSFT | 375.99 | 372.90 | 363.07 | 365.40 | Above PDH | +4.74% |
| NVDA | 177.05 | 174.62 | 166.96 | 171.54 | Above PDH | +7.19% |
| TSLA | 380.09 | 373.33 | 361.00 | 370.33 | Above PDH | +6.98% |
Economic Calendar
08:15
ADP Non-Farm Employment Change
08:30
Core Retail Sales m/m
08:30
Retail Sales m/m
10:00
ISM Manufacturing PMI
10:00
ISM Manufacturing Prices
21:00
President Trump Speaks