Wall Street closes mixed, with signs of progress as Trump's Iran deadline draws near
By Stephen Culp and Purvi
Agarwal
Tue April 7, 2026
The day started as a disaster with the Dow down over 650 points by 11 a.m. But once again investors chose to take the positive approach that there would be a peace deal and rather downplay Trump’s fiery rhetoric. There was encouragement when Pakistan said that talks were progressing steadily while urging a 2-week extension on the Iran attack deadline while also asking Iran to open the Strait of Hormuz for that 2-week period.