Closing Bell Overtime: Stocks Close Well Off Lows As Equities Shake Off Surge in Oil 4/2/26
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 2 April 2026
⏱️ 44 minutes
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| 0:00.0 | The bell is bringing an end to the trading day at the NYC Olympic champion, Michaela Schifrin, |
| 0:08.9 | ringing the closing bell and at the NASDAQ, Brain Limited, doing the honors. |
| 0:13.1 | Welcome to closing bell overtime, live from Studio B at the NASDAQ market site. |
| 0:16.9 | I'm Mike Santoli. |
| 0:17.8 | Melissa Lee is off today. |
| 0:19.6 | A sharp reversal for stocks today is the S&P 500 |
| 0:22.9 | rebounds from a more than one and a half percent loss in the morning. The NASDAQ bounced back |
| 0:27.8 | from a more than 2 percent drop. At the close, the S&P and NASDAQ ending the day, just slightly |
| 0:32.8 | in the green, the Dow essentially flat, all major indices breaking a five-week losing streak, more on the markets ahead. |
| 0:39.8 | On our radar at the close, oil's massive rally, conflicting economic data, and one year since Liberation Day. |
| 0:47.0 | But let's start with all of today's market action. |
| 0:49.5 | Simomodi is watching today's movers, Pippa Stevens tracking oil and diesel, Rick Santelli with the bond action and Aiman Jabbers with the latest out of D.C. |
| 0:58.7 | And Sima, we start with you. |
| 1:00.4 | And Mike, that intraday reversal certainly catching the attention, even with oil prices remaining |
| 1:04.8 | higher throughout the day as President Trump declining to give a definitive timeline for the end |
| 1:09.8 | of the war with Iran, WTI crude, settling at its highest level since June of 2022. |
| 1:15.2 | That did help certain parts of the energy sector outperform names like Diamondback, Marathon Petroleum, trading higher by 1 to 2%. |
| 1:22.1 | But technology remaining weak led by the hypers, meta, Amazon, Alphabet, all finishing lower on the day, |
| 1:29.0 | but off the loads of the day, memory names like Micron and Western Digital that had been |
| 1:33.2 | under pressure recently, unable to catch a break in today's trade. |
| 1:36.7 | But software, a sector that has been beaten up recently, around concerns around AI, the displacement |
| 1:42.0 | fears, seeing its first positive week since March 6th. |
... |
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