Katherine Sullivan

I'm Katherine Sullivan for The Wall Street Journal.

U.S.

stocks opened sharply lower this morning, but clawed back most of their steep losses during today's session.

The Nasdaq closed up 0.2 percent, the S&P 500 closed up a tenth, and the Dow closed down a tenth.

Investors reacted to President Trump's primetime address last night, where he vowed to hit Iran, quote, "...extremely hard."

Stocks managed to bounce back by closing, but despite the small gains, global markets remained under pressure.

The energy market saw massive swings as oil futures posted their largest one-day gain since 2020.

Among individual companies, Delta Airlines shares fell over 1% during the day, and United Airlines shares dropped 3%.

Investors worried that a long war will keep jet fuel prices elevated for some time.

General Motors shares slid over 3% in midday trading.

The automaker recently reported a sharp decline in sales for the first quarter.

And BP shares rose nearly 3 percent following the surge in global oil prices.

Many energy companies saw a boost after President Trump's address.

The U.S.

Here's your Closing Bell Brief for Wednesday, April 1st.

I'm Catherine Sullivan for The Wall Street Journal.

U.S.

stocks climbed today as investors hoped for a quick end to the conflict in Iran.

The Nasdaq led the market with a gain of 1.2%.

The S&P 500 was up 0.7%, and the Dow was up 0.5%.