Wall Street closes mixed, with signs of progress as Trump's Iran deadline draws near

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.  

That triggered some genuine upward momentum which took another dive around 2 pm when the Chicago Fed prez warned of more inflation and a Commerce Dept report showed that orders for durable goods had decreased more than expected. In the final hours, the market was again seized by optimism with a straight shot up putting both the Nasdaq and S&P in positive territory and the Dow still in the red but having recovered much of the day’s losses. Next eyes are on the CPI report coming later this week for a clearer inflation picture. Today’s volume was much closer to the 19.35 billion average, closing at 18.78 billion. 

DJ: 46,669.88  +165.21       NAS: 21,996.34  +117.16       S&P: 6,611.83  +29.14           4/6

DJ: 46,584.46  -85.42          NAS: 22,017.85  +21.51         S&P: 6,616.85  +5.02             4/7

Tue 4-7-26 5:07 pm Wall Street closes mixed, with signs of progress as Trump's Iran deadline draws near | Reuters