investingLive Americas market news wrap: Oil skyrockets but stock markets shrug it off

Market news for North American trading on Apr 2, 2026 US initial jobless claims 202K vs 212K estimateUS February trade balance -57.30 billion vs -61.00 billion expectedCanada February trade balance -5.74B vs -2.25B expectedTrump: The biggest bridge comes tumbling down. It is time for Iran to make a dealIran drafts protocol with Oman for Strait of Hormuz trafficFed's… US initial jobless claims 202K vs 212K estimate US February trade balance -57.30 billion vs -61.00 billion expected Canada February trade balance -5. US initial jobless claims 202K vs 212K estimate US February trade balance -57.30 billion vs -61.00 billion expected Canada February trade balance -5.74B vs -2.25B expected Trump: The biggest bridge comes tumbling down. It is time for Iran to make a deal Iran drafts protocol with Oman for Strait of Hormuz traffic Fed's Williams: Monetary policy is well-positioned to manage risks Baker Hughes total rig count 548 versus 543 previously… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch whether the reaction stays isolated to one name or spills into the broader sector, index futures and correlated risk assets.