Morning Brief — Thu., April 2, 2026
ES
6,517.25
-1.52%
NQ
23,723.25
-1.95%
VIX
27.38
+8.44%
DXY
100.20
+0.55%
The Big Story
Trump speech confirms 2-3 more weeks of war, oil surges 8% as allies fracture over Hormuz
- Oil surges above $108/barrel, up 25% in one week; Brent jumps 8%+ after Trump’s address signals more ‘extremely hard’ strikes ahead, not a ceasefire
- IRGC warns next response ‘will be more painful’ if Iranian industries hit again; targeted US-linked steel and aluminium facilities in Gulf states
- Russia’s oil export capacity cut by 1 million bpd from drone strikes; OPEC+ weighing additional output hike to offset Hormuz constraints
- Macron says reopening Hormuz by force is ‘unrealistic’ and calls Trump contradictory every day; UK to host 35-nation Hormuz talks; China calls strikes ‘illegal’
- BofA now forecasts two BoE rate hikes in June and July 2026, reversing prior cut calls; BoE consumer inflation expectations jump to 3.7%
Pre-Market Price Action
SPY
645.08
Below Prior Day Low
QQQ
572.56
Below Prior Day Low
AAPL
252.69
Below Prior Day Low
AMD
203.61
Below Prior Day Low
AMZN
205.53
Below Prior Day Low
GOOGL
289.33
Below Prior Day Low
META
563.05
Below Prior Day Low
MSFT
364.59
Below Prior Day Low
NVDA
170.56
Below Prior Day Low
TSLA
371.55
Below Prior Day Low
Pre-Market Movers
Gainers
XOM
166.24
+4.23%
CVX
202.89
+3.41%
MRK
121.05
+0.22%
KO
76.08
+0.06%
COST
996.00
+0.05%
Decliners
INTC
46.07
-4.34%
NVDA
170.52
-3.16%
AMD
203.77
-3.15%
AVGO
303.76
-3.04%
GOOGL
289.37
-2.80%
Key Levels
| Ticker | Last | PDH | PDL | VWAP | Range Break | Chg |
|---|---|---|---|---|---|---|
| SPY | 645.06 | 658.52 | 653.00 | 644.31 | Below PDL | -0.81% |
| QQQ | 572.56 | 587.74 | 580.42 | 572.36 | Below PDL | -0.82% |
| AAPL | 252.69 | 256.18 | 253.33 | 251.84 | Below PDL | -0.43% |
| AMD | 203.77 | 213.83 | 205.84 | 204.52 | Below PDL | +0.17% |
| AMZN | 205.52 | 213.58 | 208.19 | 206.05 | Below PDL | -1.34% |
| GOOGL | 289.33 | 300.52 | 290.41 | 282.81 | Below PDL | +0.62% |
| META | 563.05 | 592.55 | 573.82 | 553.79 | Below PDL | -1.59% |
| MSFT | 364.46 | 373.99 | 368.20 | 365.03 | Below PDL | -1.54% |
| NVDA | 170.56 | 177.37 | 174.75 | 171.06 | Below PDL | -2.23% |
| TSLA | 371.57 | 383.14 | 374.08 | 368.78 | Below PDL | -0.05% |
Economic Calendar
08:30
Unemployment Claims