Major US Indexes Gain Monday as Iran Ceasefire Talks Ease Market Fears

Key Takeaways:

• The S&P 500 gained 0.4% Monday but remains 4% beneath pre-conflict levels arsenic Iran tensions persist.
• Trump’s Tuesday deadline for Iran to reopen the Strait of Hormuz keeps lipid adjacent $103 a tube (WTI).
• JPMorgan Chase CEO Jamie Dimon flagged inflation risks up of Friday’s March CPI report.

S&P 500 Rises for Fourth Straight Day Amid Iran Strait of Hormuz Standoff

The Dow Jones Industrial Average climbed 137 points, oregon 0.3%, portion the S&P 500 gained 0.4% and the Nasdaq Composite added 0.5%. The S&P 500 extended its 4th consecutive time of gains but remains astir 4% beneath levels seen earlier the U.S.-Iran struggle escalated.

Mediators from Egypt, Pakistan and Turkey floated truce proposals implicit the weekend, including a 45-day ceasefire model and a program to reopen the Strait of Hormuz. Conflicting reports accidental Iran signaled willingness to negotiate entree done the waterway, which handles astir one-fifth of planetary lipid and liquefied earthy gas trade. Other reports enactment ceasefire talks person been rejected.

Dow Jones Industrial Average (DJI) connected April 6, 2026 astatine marketplace close.

Trump called Iran “an active, consenting participant” successful talks but said its counterproposal fell short. He repeated threats Monday that the U.S. could onslaught Iranian infrastructure and warned the state could beryllium taken retired “in 1 night” if the strait remained closed past his deadline.

West Texas Intermediate crude settled adjacent $103 a barrel and Brent crude adjacent $109. Oil prices swung done the league earlier closing with humble gains arsenic traders weighed proviso disruption risks against immoderate imaginable of de-escalation.

Technology and user staples led assemblage gains. Ciena Corp., Lumentum, Seagate Technology and Netflix each posted advances. Utilities including CMS Energy and Entergy touched caller 52-week highs. Energy shares moved higher connected ongoing proviso disruption concerns. Consumer discretionary lagged, and Keurig Dr Pepper deed a 52-week low.

The CBOE Volatility Index held supra 24, signaling that traders were not acceptable to afloat terms retired downside risk.

The Institute for Supply Management’s services PMI for March fell to 54.0 from 56.1 successful February, missing the economist statement of 55.4. The prices-paid scale climbed to 70.7, its highest speechmaking since October 2022. The employment constituent dropped to 45.2, its weakest level since December 2023.

No Federal Reserve quality and different high-impact information were connected the calendar to commencement the week. The absorption remained squarely connected the Middle East. At the aforesaid time, JPMorgan Chase CEO Jamie Dimon warned of broader inflation risks tied to the conflict.

Other analysts pointed to beardown hiring numbers from the March jobs study and productivity gains from the exertion assemblage arsenic imaginable offsets. Investors volition ticker Trump‘s Tuesday deadline closely. Any escalation that keeps lipid prices astatine existent levels could complicate the Federal Reserve’s complaint way up of Friday’s March user terms scale report.

The Federal Open Market Committee (FOMC) releases minutes from its March gathering Wednesday. Delta Air Lines and Constellation Brands are among companies scheduled to study net aboriginal successful the week, marking an aboriginal trial of however firm America is absorbing higher vigor costs.

Markets stay reactive alternatively than conviction-driven. Until the Strait of Hormuz concern resolves oregon inflation information shifts expectations, the near-term absorption hinges connected factors extracurricular firm fundamentals.