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Market Turmoil: Stocks Plummet Amid Ongoing Middle East Conflict Concerns

KVIA•Thursday, April 2, 2026 at 1:34 PM•CNN Newsource

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U.S. stock markets experienced a significant decline on Thursday, with the Dow dropping 631 points, or 1.35%, following President Trump's announcement of an escalation in the Middle East conflict. Investors reacted negatively to the lack of a clear exit strategy, leading to fears of rising global energy prices and inflation. The average U.S. gas price has surged 37% since the conflict began, now standing at $4.08 per gallon. This volatility has resulted in the worst quarterly performances for the Dow and S&P 500 since September 2022, while the Nasdaq recorded its worst month in a year. The bond market is also feeling the pressure, with increased yields translating to higher borrowing costs. Markets will be closed on Friday for Good Friday.

Key Details: • Dow fell 631 points (1.35%) at Thursday's opening bell. • Average U.S. gas price reached $4.08 per gallon, up 37% since the war began. • Brent crude oil prices rose 8.2% to over $109 per barrel. • Markets will be closed on Friday, April 7, for Good Friday.

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