Wall Street ends mixed as worries linger before Good Friday break

STORY: U.S. stocks ended mixed on Thursday after paring deep losses earlier in the session.The Dow still ended lower, but only marginally, while the S&P 500 and Nasdaq finished slightly higher.Stocks opened lower amid spiking oil prices after Wednesday night's televised address by President Donald Trump, in which he signaled more aggressive attacks on Iran.But investor sentiment steadied in the afternoon after Iran’s foreign ministry said it was drafting a protocol with Oman to manage traffic through the Strait of Hormuz.Still, that won't erase recessionary fears the war has stoked, said Ben McMillan, chief investment officer at IDX Advisors."This isn't a rubber band that just snaps back all of a sudden when the Strait has opened back up again. Everything doesn't necessarily go back to normal. Now, oil will hopefully start flowing again, but things like helium production are already impacted for years out. So that's going to impact you know, higher fertilizer prices, higher food prices. So the inflationary impacts are very real and they're already starting to feel sticky. And so, again, that's the concern with a lot of Wall Street right now is that, you know, this kid opened the Pandora's box, so to speak, of inflation that would force the Fed at some point down the road to increase interest rates."Among the day's stock moves, shares of Tesla dropped nearly 5.5% after the EV-maker kicked off 2026 with its weakest quarterly deliveries in a year.Shares of Globalstar jumped more than 13% after a report said Amazon is in talks to buy the low-earth-orbit communication satellite company.:: SpaceXAnd speaking of satellites, Elon Musk's rocket and satellite company SpaceX boosted its target IPO valuation above $2 trillion, according to a report from Bloomberg News. That would make it the largest stock market listing on record.On Friday, the Bureau of Labor Statistics will release its March jobs report, though U.S. stock markets will be closed for the Good Friday holiday.