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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• Markets ended little changed after a choppy session.
• Ceasefire optimism faded, then partially revived, driving intraday volatility.
• Oil prices surged significantly on geopolitical tensions.
• Real Estate sector led S&P 500 gains.
• Information Technology also provided support.
• Consumer Discretionary sector lagged, impacted by Tesla's weak deliveries.
• Intel, Ciena, Lumentum, and Coherent were notable gainers.
• Russell 2000 outperformed other major indices.
• Weekly jobless claims remained low, signaling a tight labor market.
• U.S. trade deficit widened as imports grew faster than exports.
• President Trump strengthened tariffs on steel, aluminum, and copper imports.
• Asset managers faced pressure; Blue Owl Capital limited private credit fund redemptions.
• Rubrik shares rose following a director's stock purchase.
• U.S. Treasuries recorded modest gains.
• Markets close for Good Friday; March Jobs report due.
• Caution persists due to Iran uncertainty, elevated oil, and upcoming inflation data.
• Solid week-to-date gains achieved, but indices remain below key moving averages.