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WSJ Minute Briefing

Stocks Recover From Steep Sell Off Following Trump’s Iran Address

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 2 April 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Stocks opened lower after Trump vowed to hit Iran “extremely hard”. Plus: Shares in Delta and United airlines drop as investors worry about the price of jet fuel. Katherine Sullivan hosts. Sign up for the WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I think the potential of Agenic is to rethink how work gets done overall.

0:05.0

It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.

0:11.3

That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.

0:17.9

Join him later to learn why agents are a game changer for businesses across industries.

0:25.9

Here's your closing bell brief for Thursday, April 2nd. I'm Catherine Sullivan for the Wall Street Journal.

0:32.3

U.S. stocks opened sharply lower this morning, but clawed back most of their steep losses during

0:37.3

today's session.

0:38.6

The NASDAQ closed up 0.2%, the S&P 500 closed up a 10th, and the Dow closed down a 10th.

0:46.4

Investors reacted to President Trump's primetime address last night, where he vowed to hit Iran,

0:51.6

quote, extremely hard.

0:59.5

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

1:06.1

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

1:12.9

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.

1:19.8

General Motors shares slid over 3% in midday trading. The automaker recently reported a sharp

1:25.5

decline in sales for the first quarter.

1:32.5

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

1:36.4

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

1:40.7

The U.S. stock market will be closed tomorrow for Good Friday.

1:46.0

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

1:50.4

We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.

1:55.0

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

2:00.6

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