(Il Sole 24 Ore Radiocor) - Milano, 2 apr - US futures were lower as oil prices jumped after president Donald Trump signalled there would be no speedy end to the war with Iran.

Wall Street ended higher yesterday on hopes hostilities with Tehran could resolve quickly. The Dow closed up 0.5%, the S&P 500 added 0.7% while the tech-heavy Nasdaq rose 1.2%.

The stock market is closed tomorrow for Easter holiday.

In a national address on Wednesday, Trump said military aims in Iran would be met 'very shortly' but added the US will hit Iran 'extremely hard' in the next 2-3 weeks, saying 'we're going to bring them back to the stone ages, where they belong.' Iran replied that 'as far as the Iranian nation is concerned, we are absolutely determined and resolute to continue our defense against this aggression ... we have no choice but to fight back fiercely.' Trump also repeated that opening the Strait of Hormuz, a critical chokepoint for global oil trade, was a problem for other countries.

Oil prices jumped more than 7% with Brent crude futures above the 108 dollars per barrel level.

On the stocks front, shares in big tech names like Nvidia, Tesla and Alphabet all fell while big oil, including Exxon and Conoco, rose more than 3%.

Futures on the Dow Jones were down 496.00 points, or 1.06%, S&P 500 futures were down 82.00 points, or 1.24%, while.

futures on the Nasdaq were down 390.25 points, or 1.61%.

(RADIOCOR) 02-04-26 13:40:39 (0356) 5 NNNN