Terrance McCauley works on the floor at the New York Stock Exchange in New York, Tuesday, April 7, 2026.
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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.
U.S. stocks rallied and recovered the last of their losses caused so far by the U.S.-Iran war, as hope remains on Wall Street that the global economy can still avoid a worst-case scenario. The S&P 500 rose 1% Monday and is back to where it was before the United States and Israel attacked Iran in late February, just 1.3% below its record set early this year. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite climbed 1.2%. Even in the oil market, where prices jumped above $100 per barrel after ceasefire talks failed to end the war, prices pared their gains as Monday progressed.
