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Major U.S. indices rise Monday as Iran ceasefire talks ease market fears
U.S. stocks posted moderate gains on Monday as investors monitored ceasefire negotiations in the Middle East and awaited the deadline set by Donald Trump for Iran to reopen the Strait of Hormuz.
Key takeaways:
- The S&P 500 rose 0.4% on Monday but remains 4% below pre-conflict levels amid ongoing tensions.
- Trump’s Tuesday deadline for reopening the Strait of Hormuz keeps oil prices near $103 per barrel (WTI).
- JPMorgan Chase CEO Jamie Dimon warned of inflation risks ahead of Friday’s CPI report.
S&P 500 rises for a fourth consecutive day
The Dow Jones Industrial Average gained 137 points (0.3%), while the S&P 500 rose 0.4% and the Nasdaq Composite added 0.5%. The S&P 500 extended its rally to a fourth straight day but remains about 4% below levels seen before the escalation of the U.S.-Iran conflict.
Over the weekend, mediators from Egypt, Pakistan, and Turkey proposed a ceasefire framework, including a 45-day truce and a plan to reopen the Strait of Hormuz. Conflicting reports suggest Iran may be open to negotiations, while others indicate talks were rejected.
Dow Jones Industrial Average (DJI) as of April 6, 2026, at market close.
Trump described Iran as an “active and engaged participant” in negotiations but said its counterproposal was insufficient. He reiterated threats of strikes on Iranian infrastructure, warning the country could be destroyed “overnight” if the strait remains closed.
West Texas Intermediate crude closed near $103 per barrel, while Brent hovered around $109. Prices fluctuated during the session as traders weighed supply risks against potential de-escalation.
Technology and consumer staples led gains. Shares of Ciena Corp., Lumentum, Seagate Technology, and Netflix rose. Utility stocks such as CMS Energy and Entergy reached 52-week highs, while energy stocks climbed amid supply concerns.
The CBOE Volatility Index remained above 24, indicating persistent market risk.
The services PMI from the Institute for Supply Management fell to 54.0 from 56.1, missing expectations. The prices index rose to 70.7 — the highest since October 2022 — while employment dropped to 45.2, the lowest since December 2023.
Market focus remains on geopolitics and inflation
With limited signals from the Fed early in the week, attention remained on geopolitical developments. Meanwhile, Jamie Dimon warned of broader inflation risks tied to the conflict.
Other analysts pointed to strong employment data and productivity growth as offsetting factors. Investors will closely monitor Trump’s deadline.
On Wednesday, the Federal Open Market Committee will release minutes from its March meeting. Earnings reports from Delta Air Lines and Constellation Brands will provide insight into how businesses are handling rising energy costs.
Markets continue to react to events rather than fundamentals. Until the Strait of Hormuz situation is resolved or inflation data shifts expectations, short-term direction will remain driven by external factors.
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