Weekly Market Wrap Up

U.S. equities snapped a five-week losing streak during the holiday-shortened week ended April 2, 2026, with the S&P 500 gaining 3.18% and the Nasdaq surging 4.14%. Key drivers included Powell's dovish hold stance, Iran ceasefire hopes, a blowout March jobs report, and new pharmaceutical tariffs.

Wall Street closed out its worst week since the Iran war began, marking the fifth consecutive weekly loss for the S&P 500. The Dow and Nasdaq both entered correction territory as oil prices surged toward $100 per barrel and the Fed signaled a potential shift toward higher rates.

U.S. equities suffered their fourth consecutive week of losses as the ongoing U.S.-Israel-Iran war drove oil prices toward $100 per barrel, the Federal Reserve held rates steady, and gold posted its worst weekly performance since 2011. The Russell 2000 entered correction territory while the energy sector was the lone bright spot.

U.S. equities posted their third consecutive week of losses as the Iran conflict disrupted global oil markets, sending WTI crude toward $100 per barrel. Stagflation fears mounted as Q4 GDP was revised down to 0.7% while PCE inflation rose to 3.1%. The FOMC meeting and Nvidia GTC conference headline the week ahead.

A turbulent week in financial markets as the U.S.-Iran conflict sent crude oil surging past $90 per barrel, the Dow posted its worst week in nearly a year, and a shocking jobs report showed payrolls falling 92,000 in February.