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S&P 500 ekes out a gain Tuesday, rebounding as traders hope for last-minute Iran deal: Live updates
The S&P 500 posted a slim gain on Tuesday as traders grew hopeful that a proposal brokered by Pakistan may result in an eleventh-hour deal between the U.S. and Iran.
The broad market index inched up 0.08% and closed at 6,616.85, while the Nasdaq Composite advanced 0.10% to settle at 22,017.85. The Dow Jones Industrial Average shed 85.42 points, or 0.18%, closing at 46,584.46.
The major averages came off their session lows in the final hour of trading as Pakistan's Prime Minister Shehbaz Sharif asked Trump to postpone for two weeks a deadline to attack Iran's power plants and bridges. Pakistan also requested Iran to open the Strait of Hormuz for two weeks "as a goodwill gesture."
Stock market today: S&P 500, Nasdaq close slightly higher on hopes of Iran deadline extension
US stocks mounted a late-day comeback on Tuesday after President Trump escalated bombing rhetoric ahead of his fast-approaching deadline for Iran to reopen the Strait of Hormuz or face destruction of its key infrastructure.
The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) closed slightly higher, while the Dow Jones Industrial Average (^DJI) dropped 0.2% after stocks finished in positive territory on Monday.
Markets are on alert for any breakthrough on a Middle East truce as Trump's renewed deadline for Iran closes in, set to expire Tuesday evening.
Stocks climbed in the afternoon after Pakistan proposed a two-week extension to Trump's deadline, offering a potential off-ramp to the hostilities that were stoked earlier on Tuesday. In the morning, the president posted on Truth Social, "A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will."
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US stocks swing from losses to a tiny gain as uncertainty builds ahead of Trump's deadline for Iran
Oil prices are rising which makes the costs of gasoline, diesel and jet fuel more expensive. But you don’t have to drive a car to be affected. Nearly all goods, including food, that are bought and sold, must travel from where they’re produced.
Ed Curran works on the floor at the New York Stock Exchange in New York, Tuesday, April 7, 2026. (AP Photo/Seth Wenig)
John Mauro works on the floor at the New York Stock Exchange in New York, Tuesday, April 7, 2026. (AP Photo/Seth Wenig)
Oil prices are rising which makes the costs of gasoline, diesel and jet fuel more expensive. But you don’t have to drive a car to be affected. Nearly all goods, including food, that are bought and sold, must travel from where they’re produced.
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