This Oil Surge Won't Last. The Stock Market's Bargains Won't Either
It may take more than oil spiking above $110 a barrel to crush the market's soul. Assuming prices don't rise much more, the worst may be over for stocks, creating some opportunities for bargain-hunting.An encouraging sign: the market's behavior on Thursday. Oil prices surged after President Donald Trump indicated the war may last longer than previously expected. Yet with signs of diplomacy perking up, markets rebounded after an initial selloff. The Dow Jones Industrial Average rose 3% for the week. The S&P 500 was up 3.4% and the Nasdaq Composite gained 4.4% -- the biggest weekly gains for all three indexes since late November 2025. The market is closed on April 3 for Good Friday.Corporate profits will be the next big test as first-quarter earnings roll in. Delta Air Lines and Constellation Brands kick things off the week of April 6. Major U.S. banks go next, l
