Stock market news for April 7, 2026

The S&P 500 posted a slim acquire on Tuesday as merchants grew hopeful {that a} proposal brokered by Pakistan could end in an eleventh-hour deal between the US and Iran.

The broad market index inched up 0.08% and closed at 6,616.85, whereas the Nasdaq Composite superior 0.10% to settle at 22,017.85. The Dow Jones Industrial Average shed 85.42 factors, or 0.18%, closing at 46,584.46.

The main averages got here off their session lows within the closing hour of buying and selling as Pakistan’s Prime Minister Shehbaz Sharif asked Trump to postpone for two weeks a deadline to assault Iran’s energy crops and bridges. Pakistan additionally requested Iran to open the Strait of Hormuz for two weeks “as a goodwill gesture.”

White House press secretary Karoline Leavitt stated that Trump “has been made aware of the proposal, and a response will come.”

Traders had been eyeing an 8 pm ET deadline set by Trump for Tehran to both attain a deal to reopen the waterway or endure strikes on its infrastructure. Just Tuesday morning, Trump stated in a Truth Social submit: “A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will.”

At the time, the president nonetheless left room for the chance that the US wouldn’t find yourself attacking the Middle Eastern nation after the deadline, including that “now that we have Complete and Total Regime Change, where different, smarter, and less radicalized minds prevail, maybe something revolutionarily wonderful can happen, WHO KNOWS?”

Trump’s remarks stored traders on edge all through the session, initially weighing down on shares and pushing oil costs increased. Ultimately, oil ended the day little modified. West Texas Intermediate crude futures settled up 54 cents to $112.95 per barrel. worldwide Brent crude futures dipped 15 cents to $109.62 a barrel.

While Facet’s Tom Graff believes traders ought to assume that oil costs will keep “significantly higher” than the degrees they have been previous to the warfare, he views Iran leaving the Strait closed as a “negotiation ploy.” Even although the nation may wish to reopen it on its phrases slightly than these of the US, nobody – together with Iran – advantages from a everlasting closure there, he stated.

“I just don’t think it’s sustainable that the Strait remains closed for months and months and months,” the chief funding officer instructed CNBC. “Something is going to have to give there at some point.”

Broadcom was a vivid spot of the session, rising 6% on the heels of the corporate signing expanded artificial intelligence deals with Google and Anthropic.