Latest Business News
Wall Street Stocks Rise on US-Iran Ceasefire Optimism
Wall Street indices closed higher on Monday, with the S&P 500 up 0.4%, driven by hopes for a ceasefire in the Middle East conflict. Despite climbing oil prices, optimism persisted even as tanker activity in the Strait of Hormuz remained limited.
President Trump called a ceasefire proposal 'significant' but insufficient.
Oil Prices Climb Amid Strait of Hormuz Tensions
Oil prices saw a slight increase on Monday as concerns over the Strait of Hormuz persisted during US-Iran tensions. Analysts predict a potential $10-15 drop if a ceasefire reopens the strait.
Limited tanker activity contributed to market volatility.
Trump Reaffirms Threats Against Iran's Infrastructure
US President Donald Trump reiterated threats to dismantle Iran's civilian infrastructure, dismissing international law concerns. He stood by an Easter Sunday social media post warning of consequences if the Strait of Hormuz isn't reopened.
This follows his mixed comments on a ceasefire proposal.
US March Jobs Report Shows Robust Growth
Friday's monthly jobs report revealed unexpectedly strong job growth for March, influencing Monday's market sentiment. This came after markets were closed for Good Friday.
The data provided a positive backdrop amid geopolitical uncertainties.
US Services Activity Slows Due to Energy Costs
March survey data indicated a slowdown in US services activity, with businesses cautious over rising energy costs from Middle East conflict. Potential supply chain disruptions added to wariness.
This economic indicator contrasted with stock gains.
Asian Markets Mixed on Geopolitical Hopes
Tokyo's Nikkei 225 rose 0.6% and Seoul gained 1.4%, buoyed by US-Iran ceasefire optimism. Singapore climbed 0.4%, while Jakarta fell 0.5%; Hong Kong and Shanghai markets were closed.
European exchanges also remained shut.
Analysts Monitor Iran Negotiations Closely
Market watchers are tracking US-Iran developments and potential negotiations amid conflicting signals. John Kilduff of Again Capital noted efforts to interpret the situation.
A ceasefire could swiftly impact oil dynamics.
Spartan Capital Sees Conflict Resolution Boost
Peter Cardillo from Spartan Capital attributed Monday's stock rise to hopes the Middle East conflict will end soon. This optimism overcame oil price pressures.
Volatility marked the trading session before gains.
Yahoo Finance Streams Live Market Coverage
Yahoo Finance aired daily market coverage on April 7, 2026, from 9AM-11AM ET, offering real-time stock data and news. The stream provides portfolio tools and comprehensive market insights.
Viewers can access updates via app and social channels.
Good Friday Closure Sets Stage for Volatile Open
US markets reopened Monday after Good Friday closure, reacting to jobs data and Iran news. The session was volatile but ended positively.
Global closures influenced limited trading volume.