Wall Street drifts higher ahead of Trump's Iran decision
By Kendall Pierson
Published on April 7, 2026.
U.S. stocks have risen ahead of a deadline set by President Donald Trump to bomb Iranian power plants. The S&P 500 rose by 0.4%, the Dow Jones Industrial Average added 165 points, or 0.5%, and the Nasdaq composite climbed 0.3%. Oil prices also rose amid uncertainty about the outcome of the Iran war and how long it will slow the global flow of oil and natural gas. Iran rejected a ceasefire proposal and instead demanded a permanent end to the war. The price for a barrel of benchmark U.S crude rose 0.8% to settle at $112.41 after erasing an earlier dip. Despite a split performance for Big Tech stocks, Apple, Amazon, Tesla, and Microsoft fell 0.2%. The 10-year Treasury yield remained steady at 4.33%, well above its 3.97% level from before the war, despite a recent increase in borrowing rates.
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