FEAR & GREED | Business News Market jitters follow Trump speech; new gambling advertising rules; Apple turns 50
Apr 2, 2026
Markets wobble after a high-stakes presidential address and fallout for oil and equities. New rules clamp down on celebrity-driven gambling ads across TV, radio and social. SpaceX IPO talk reignites speculation about Elon Musk’s path to a trillion-dollar valuation. A look back at Apple at 50 and how its products reshaped tech and design culture.
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Markets Sell Off After Rhetoric Without Timetable
- Markets reacted negatively to President Donald Trump's televised 19-minute address that offered rhetoric but little concrete timeline on the Middle East war.
- The S&P/ASX 200 tumbled over 1% intraday and US oil and gas prices rose, signalling investor fear of higher rates and slower growth.
Higher US Gas Prices Shift Investor Preferences
- Rising US gasoline prices breached $4 a gallon, amplifying inflation worries tied to the Middle East conflict and pushing investor concern about higher interest rates.
- Defensive sectors like consumer staples, utilities and telcos outperformed while tech stocks were sold off.
Intraday Volatility Shows Geopolitical Sensitivity
- The S&P/ASX 200 rose ahead of Trump's speech then plunged to close down more than 1%, showing sensitivity to geopolitical rhetoric.
- Intraday swings highlighted investor fears about rate hikes, oil shocks and growth slowdowns tied to conflict uncertainty.