Market News

Overnight Developments Iran Rejects Trump’s 48-Hour Ultimatum on Strait of Hormuz — CNBC Iran’s military command rejected President Trump’s ultimatum to reopen the Strait of Hormuz within 48 hours, threatening additional strikes on critical infrastructure. Iran’s parliamentary speaker accused the US of violating ceasefire terms, citing denial of uranium enrichment rights and Israeli attacks on Lebanon. Brent crude jumped to $98/barrel on escalation fears, with the Strait remaining effectively closed and disrupting global trade. ...

Overnight Developments Trump Suspends Iran Attacks for 2 Weeks; Iran Agrees to Open Strait of Hormuz — CNBC The US and Iran reached a temporary de-escalation overnight. Trump suspended planned strikes for two weeks, and Iran agreed to reopen the Strait of Hormuz. Oil prices collapsed 13–14%, with WTI falling to ~$97 and Brent to ~$95, erasing weeks of geopolitical risk premium. Global markets surged on the relief rally while US tech/growth stocks face rotation pressure. Affected sectors: Energy, Defense, Transportation, Financials ...

Market Snapshot Index Close Change % Change S&P 500 6,782.81 +165.96 +2.51% NASDAQ 22,634.99 +617.14 +2.80% DOW 47,909.92 +1,325.46 +2.85% Russell 2000 2,620.46 +75.51 +2.97% VIX 21.04 -4.70 -18.26% Breaking News & Macro Events U.S.-Iran Ceasefire Triggers Broad Market Rally — Wall Street / Bloomberg Trump announced a two-week pause in Iran attacks following a five-week conflict. All four major indices surged over 2.5%, with the VIX collapsing 18%. Oil prices pulled back sharply as shipping costs via the Strait of Hormuz begin to normalize after war-risk premiums soared 1000%. Fed rate cut odds jumped from 14% to 43% on the ceasefire news. ...

Overnight Developments Iran-Israel Escalation & Strait of Hormuz Closure — PBS News / UN News Israel struck Iran’s largest petrochemical complex, killing 5+ people. Trump issued an ultimatum threatening power grid attacks by Tuesday 8pm ET. The Strait of Hormuz remains functionally closed to commercial shipping, and the UN warns of “wider war” risk with catastrophic global implications. U.S. Special Forces also successfully extracted a second downed F-15E pilot from Iran, underscoring the depth of direct military engagement. ...

Market Snapshot Index Close Change % Change S&P 500 6,616.85 +5.02 +0.08% NASDAQ 22,017.85 +21.51 +0.10% DOW 46,584.46 -85.42 -0.18% Russell 2000 2,544.95 +4.30 +0.17% VIX 25.78 +1.63 +6.75% Breaking News & Macro Events Trump’s Iran Deadline Roils Markets as Oil Surges — CNBC President Trump gave Iran until 8 p.m. ET to reopen the Strait of Hormuz, threatening military action on power plants and bridges. Oil jumped to $115.85 (+$3.45). Equities recovered late but the VIX spike to 25.78 reflects elevated tail risk. Energy sector +40% YTD as geopolitical oil supply concerns become a structural factor. ...

Overnight Developments U.S. Fighter Jet Shot Down by Iran; Military Conflict Escalates — Multiple Sources Iranian forces shot down a U.S. F-15E fighter jet in Iranian airspace, and a U.S. A-10 Warthog crashed near the Strait of Hormuz after being hit by anti-aircraft fire. One crew member was rescued. This marks a significant escalation in direct U.S.-Iran military engagement entering its second month. Affected sectors: Defense, Energy, Aerospace, Transportation Strait of Hormuz Maritime Traffic Down 95% — UN News The UN Secretary-General warned the world is “on the edge of a wider war.” Maritime traffic through the Strait of Hormuz has dropped 95% over the past month, creating severe energy supply chain disruption. Over 1.1 million displaced in Lebanon. Affected sectors: Energy, Global Trade, Transportation ...

Market Snapshot Index Close Change % Change S&P 500 6,611.83 +29.14 +0.44% NASDAQ 21,996.34 +117.16 +0.54% DOW 46,669.88 +165.21 +0.36% Russell 2000 2,540.64 +10.60 +0.42% VIX 24.17 +0.27 +1.13% Breaking News & Macro Events Iran Ceasefire Talks: 45-Day Truce Deadline Tuesday — The Street Markets rallied on reports of a 45-day truce in the Iran conflict, though Iran rejected U.S. talks after the South Pars Gas Field strike and the killing of a Revolutionary Guard intelligence chief. Trump extended the deadline to Tuesday 8pm — failure to reach a deal could reignite oil volatility and risk-off positioning. ...

Market Snapshot Index Close Change % Change S&P 500 6,582.69 +7.37 +0.11% NASDAQ 21,879.18 +38.23 +0.18% DOW 46,504.67 -61.07 -0.13% Russell 2000 2,530.04 +17.67 +0.70% VIX 23.87 -0.66 -2.69% Breaking News & Macro Events Steel, Aluminum, Copper Tariff Adjustments Take Effect April 6 — KPMG New Section 232 tariff rules go live Sunday: 50% on articles made entirely of steel/aluminum/copper, 25% on derivative articles, 15% on select metal-intensive industrial/grid equipment through 2027. One year after “Liberation Day,” tariffs represent the largest US tax increase as a percentage of GDP since 1993, averaging $1,500 per household in 2026. ...

Overnight Developments Iran Strikes Regional Targets Amid Diplomatic Signals — Multiple Sources Iran conducted major missile and drone strikes on regional targets including Kuwait airport (fuel storage fire), a tanker in Qatar, and injuries reported in Kuwait. Simultaneously, Iranian President Pezeshkian released a letter to Americans suggesting diplomatic engagement remains possible — a potential off-ramp amid active kinetic operations. Oil surged with Brent crude up ~6.6% to approximately $108/barrel. Affected sectors: Energy, Shipping, Defense ...

Market Snapshot Index Close Change % Change S&P 500 6,575.32 +46.80 +0.72% NASDAQ 21,840.95 +250.32 +1.16% DOW 46,565.74 +224.23 +0.48% Russell 2000 2,512.37 +15.99 +0.64% VIX 24.54 -0.73 -2.89% Breaking News & Macro Events S&P 500 Rallies on Iran Ceasefire Hopes — 24/7 Wall St. President Trump signaled Iran’s president has requested a ceasefire, with the U.S. conditioning agreement on the Strait of Hormuz remaining open. Markets rallied broadly — S&P +0.72%, Nasdaq +1.16%. VIX declined nearly 3% as risk sentiment improved. ...