Briefing

Market Snapshot

Dow	46503.56	-61.07	(-0.13%)
Nasdaq	21879.19	+38.23	(0.18%)
SP 500	6584.78	+7.37	(0.11%)
10-yr Note
NYSE	Adv 1600	Dec 1147	Vol 1.11 bln
Nasdaq	Adv 2769	Dec 1959	Vol 8.17 bln

Industry Watch

Strong: Energy, Consumer Staples, Utilities, Real Estate, Financials, Information Technology

Weak: Consumer Discretionary, Health Care, Communication Services, Industrials

Moving the Market

--Stocks giving back some of their recent gains as President Trump's address weighs on ceasefire hopes --Oil prices surging higher, with WTI crude moving above the $112 per barrel mark before retreating --Stocks bounce off opening lows following report that Iran and Oman are drafting a proposal regarding traffic through the Strait of Hormuz

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• Market finished choppy, major averages largely flat.
• Dow, S&P 500, Nasdaq rebounded from early losses.
• Ceasefire optimism faded; President Trump's stance on Iran strikes weighed.
• Oil prices surged over 11% to $111/barrel on geopolitical concerns.
• Brief rebound on Strait of Hormuz proposal report.
• Real estate sector led S&P 500 gains.
• Information technology provided late session boost; semis advanced.
• Consumer discretionary weak; Tesla deliveries disappointed.
• Asset managers pressured as Blue Owl Capital limited redemptions.
• Rubrik rose on director stock purchase.
• Weekly Initial Claims remained low, indicating a soft labor market.
• February Trade Balance showed higher imports than exports.
• U.S. Treasuries posted slim gains.
• Market closed Good Friday; March Jobs report due.
• Trump signed proclamation strengthening steel, aluminum, copper tariffs.
• Uncertainty in Iran and elevated oil keep market cautious.