/

/

Type to search…

/

Login

Sign up

Submission

Wishlist

Reading list

Helps

Dow, S&P 500, Nasdaq trim losses after Trump orders Hormuz blockade against Iran

US stocks were mixed on Monday after President Trump ordered a US blockade of the Strait of Hormuz following the collapse of US-Iran negotiations. The Dow Jones Industrial Average (^DJI) led the retreat, down 0.3%, as surging oil prices revived concerns about inflation and risks to global growth. Meanwhile, the S&P 500 (^GSPC) hovered above…

ThePostMaster Avatar
ThePostMaster

·

4–6 minutes
0
0
31

/

Dow, S&P 500, Nasdaq trim losses after Trump orders Hormuz blockade against Iran

US stocks were mixed on Monday after President Trump ordered a US blockade of the Strait of Hormuz following the collapse of US-Iran negotiations.

The Dow Jones Industrial Average (^DJI) led the retreat, down 0.3%, as surging oil prices revived concerns about inflation and risks to global growth. Meanwhile, the S&P 500 (^GSPC) hovered above the flatline after trimming early trading losses. The tech-heavy Nasdaq Composite (^IXIC) flipped into positive territory to rise 0.2%.

Trump’s move to block all maritime traffic through the Strait of Hormuz escalated already high tensions in the Middle East. That has piled on even more risk for markets whose hopes for a cessation in hostilities were dented by the breakdown in negotiations in Islamabad.

“Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz,” Trump wrote on Truth Social. The blockade was scheduled to start at 10 a.m. ET on Monday.

Iran responded by vowing to target all Persian Gulf ports if its own energy hubs are threatened, calling the US move “an act of piracy.”

Oil prices jumped back above $100 a barrel on the threat to global energy flows, with the global benchmark Brent crude (BZ=F) rising 5%, while the US counterpart, West Texas Intermediate futures for May delivery (CL=F) rose about 5% to top $101 per barrel.

Closer to home, Goldman Sachs (GS) kicked off bank earnings with strong profits, though shares fell alongside broader stock losses. First quarter results from Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), JPMorgan Chase (JPM), and Morgan Stanley (MS) will follow as the week progresses.

LIVE 9 updates

  • Ines Ferré

    Trump threatens to destroy Iranian ships impeding blockade in the Strait of Hormuz

    President Trump threatened to destroy Iranian ships in the Strait of Hormuz on Monday, just minutes before a US blockade was set to begin in the region.

    “Iran’s Navy is laying at the bottom of the sea, completely obliterated – 158 ships,” wrote Trump on Monday morning.

    He noted the US has not targeted a small number of what they call “fast attack ships”, because “we did not consider them much of a threat.”

    “Warning: If any of these ships come anywhere close to our BLOCKADE, they will be immediately ELIMINATED, using the same system of kill that we use against the drug dealers on boats at Sea,” he added.

    Trump announced that the US Navy would begin a blockade in the Strait of Hormuz on Monday at 10 a.m. ET, restricting vessels entering and leaving the critical waterway.

    The move is intended to cut off Iran’s ability to export oil and reduce the country’s control over the passage.

    Oil futures trimmed earlier gains but still remained above $100 per barrel on Monday.

  • Jared Blikre

    Amazon is leading the ‘Magnificent 7’ rebound into major resistance

    After more than a year of going nowhere, Amazon (AMZN) is finally pressing into a key test.

    The stock has rallied to a key resistance level after its biggest three-day surge in five months, leading the “Magnificent Seven” stocks off the March 30 low.

    Amazon is now running into a downtrend line drawn from the early November high and early January peak, while the $238–$240 area has repeatedly capped rallies since early 2025.

    That leaves the stock at a decision point. With shares lower today, this may be the pause or pullback you’d expect at the resistance level. But if Amazon can push through $240, it would open the door to retest all-time highs near $255–$260.

    On weakness, bulls want to see the $220–$225 area hold, which lines up with the 200-day moving average and recent support.

  • Stocks fall at the open as oil climbs on threat of US Hormuz blockade

    Oil prices rose on Monday after US-Iran talks fell through, putting pressure on stocks to start the trading week.

    The S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) fell 0.3%, while the Dow Jones Industrial Average (^DJI) slid 0.7% in the first minutes of trading.

    Oil was back above $100 per barrel, with Brent (BZ=F) trading at $101 per barrel and West Texas Intermediate (CL=F) trading at $103 per barrel.

    Goldman Sachs (GS) shares fell more than 3% despite reporting a profit increase driven by equity trading in the first quarter. The earnings call with CEO David Solomon just started — you can listen to it live here.

  • Treasury yields jump as oil prices rise

    Treasurys sold off on Monday as President Trump’s threat to block the Strait of Hormuz and new consumer price data released on Friday revived higher inflation expectations.

    As oil prices surged on Monday, the 10-year yield (^TNX) climbed 3 basis points to 4.34%, while the longer-dated 30-year yield (^TYX) rose 2 basis points to 4.93%. Bond yields trade inversely to bond prices, meaning prices were lower on Monday.

    The US dollar index (DX-Y.NYB) also climbed to nearly 99 as higher oil prices supported the notion that the Fed would hold or raise interest rates.

  • Goldman Sachs stock drops despite strong profits from stock trading, M&A surge

    Goldman Sachs’ (GS) profits climbed in the first quarter, fueled by jumps in M&A dealmaking and record equity trading.

    But the stock dropped 3% in premarket trading as intermediation revenue for fixed income, currencies, and commodities fell short of expectations.

    Yahoo Finance’s David Hollerith reports:

    Read more here.

  • Wary investors eye another escalation in Iran war

    The prospect that the Iran war will reintensify after the failure of peace talks threatens to spark fresh volatility across global markets, after a week that saw a fragile ceasefire drive stocks up and oil down by the most this year.

    From Bloomberg:

    Read more here.

  • ‘Not as bullish’: Big banks are entering Q1 earnings season on less certain footing than in January

    Wall Street’s biggest banks are riding into the first quarter earnings season on far less certain ground than where they began 2026. This coming week, their ability to churn out more profits will once again be put to the test.

    Yahoo Finance’s David Hollerith reports:

    Read more here.

  • TSMC on track for fourth quarter of record profits ahead of earnings report

    Reuters reports:

    Read more here.

  • Oil prices pump after Trump announces Hormuz blockade

    Bloomeberg reports:

    Read more here.

Source link

Share with

/

0

/

0%

More posts. You may also be interested in.