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Robert Greason works on the floor at the New York Stock Exchange in New York, Tuesday, April 7, 2026.

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US stocks rise and oil prices trim their gains on hopes for the ceasefire with Iran

US stocks rise and oil prices trim their gains on hopes for the ceasefire with Iran

U.S. stocks rose, even though oil prices did too, as financial markets moved more modestly a day after surging on optimism about a ceasefire in the war with Iran. After beginning Thursday with moderate losses following drops for Asian and European stocks, the S&P 500 erased its dip and rose 0.6%. The Dow Jones Industrial Average climbed 0.6%, and the Nasdaq composite added 0.8% after Israel’s prime minister authorized direct negotiations with Lebanon. That eased worries that the two-week ceasefire announced late Tuesday may already be in trouble. Oil prices pared some of their earlier gains but nevertheless remained higher.