Dow S&P 500, Nasdaq futures stumble after Trump says war with Iran not yet over

April 2, 2026

Breaking News

US stock futures slumped Thursday morning after a national address from Trump failed to provide a certain end to the US-Israeli war in Iran.

Futures tied to the S&P 500 fell 1.1% as Nasdaq 100 futures sank 1.5%. Dow Jones Industrial Average futures dropped 1%.

Markets are making sense of a national address from President Trump, where he delivered an “an important update on Iran.”

Developments in the US-Israeli war against Iran have rattled global markets for weeks and the speech was closely watched for any signs of an end to hostilities, with an open Strait of Hormuz a crucial signifier for stability in energy markets. Yahoo Finance reports.

EdgeUp

🧬 Immunovant's treatment for eye disease fails late-stage trial

Immunovant said on Thursday that its therapy to treat a type of eye disease failed to meet the main goals in a late-stage study. Yahoo Finance reports.

🛢️ 'Mild stagflation': Bank of America rips up economic forecasts, braces for $100 oil all year on Iran war disruptions

Bank of America analysts are projecting slower growth, higher inflation, and $100 per barrel oil all year as a result of the Iran war, even if it ends within weeks.

"The war dividend so far: mild stagflation," BofA economist Claudio Irigoyen and his team wrote in a note on Wednesday, referring to the economic phenomenon of higher inflation coupled with slower growth.

The economists said that while the world economy is less dependent on oil, it has become much more sensitive to natural gas and fertilizers.

This represents a major risk for Europe and developing economies. Yahoo Finance reports.

🚀 Why Globalstar shares are trading higher by around 12%

Shares of Globalstar, Inc. rose sharply in pre-market trading after a report said Amazon.com Inc. is in talks to acquire the satellite communications company, citing people familiar with the matter.

The Financial Times reported Wednesday that the companies were still negotiating some of the deal’s complexities after lengthy talks

Globalstar shares jumped 11.7% to $76.40 in pre-market trading. Benzinga reports.

🛰️ Amazon eyes $9 billion Globalstar deal to rival SpaceX's Starlink, FT reports

Amazon is in talks to buy satellite telecom group Globalstar as it ramps up efforts to build its own low-earth-orbit satellite business to rival SpaceX's Starlink, the Financial Times reported on Wednesday, citing people familiar with the matter.

Globalstar's shares, which have more than doubled in market value over the past year, surged 12.3% in premarket trading on Thursday. Amazon shares fell nearly 2%.

Globalstar had a market cap of $8.81 billion as of the last close.

Covington, Louisiana-headquartered Globalstar is known for its low-earth-orbit communication satellites and offers voice, data, and asset-tracking services across enterprise, government, and consumer markets. Reuters reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Stock Analysis reports.

1) TURB: Turbo Energy, S.A.
Total gain: +65.11%

2) TMDE: TMD Energy Limited
Total gain: +50.94%

3) BATL: Battalion Oil Corporation
Total gain: +28.83%

4) KIDZ: Classover Holdings, Inc.
Total gain: +15.43%

5) ANNA: AleAnna, Inc.
Total gain: +14.74%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on April 1.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) CYCN: Cyclerion Therapeutics, Inc.
Total gain: +311.61%
The company announced that they have entered into a definitive merger agreement for an all-stock transaction. Upon completion of the transaction, the combined company plans to operate under the name Korsana Biosciences, Inc. and trade on Nasdaq under the ticker symbol “KRSA.” Businesswire reports.

2) ELAB: PMGC Holdings Inc.
Total gain: +133.72%
The company announced the execution of a Long-Term agreement (“LTA”) with Turbo-Jet Products Co., Inc. (“Turbo-Jet Products”), a California-based aerospace and defense supplier. Globe Newswire reports.

3) AGPU: Axe Compute Inc.
Total gain: +119.75%
The stock appeared to be moving on no notable news.

Today’s Economic Dates

Time (ET)/ Report/ Period

8:30 AM - Initial jobless claims - March 28
8:30 AM - U.S. trade deficit - Feb.
10:15 AM - Dallas Fed Fed President Lorie Logan speaks - N/A

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

RIME: Algorhythm Holdings
Q4 2025
Before Market Open
Estimate: N/A
Actual: N/A

AIRS: AirSculpt Technologies
Q4 2025
Before Market Open
Estimate: -0.020
Actual: N/A

AYI: Acuity
Q2 2026
Before Market Open
Estimate: 3.960
Actual: N/A

Parting Thoughts

“The essence of investment management is the management of risks, not the management of returns.”

– Benjamin Graham

Sourced in: The Intelligent Investor — GoodReads.

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