Stock market today: Dow, S&P 500, Nasdaq futures fall as Trump's deadline for Iran ultimat

Stock market today: Dow, S&P 500, Nasdaq futures fall as Trump’s deadline for Iran ultimat

April 7, 2026

LIVE Updated Today at 10:43 AM UTC

Updated 1 min read

US stock futures retreated on Tuesday as investors counted down to President Trump’s fast-approaching deadline for Iran to open the Strait of Hormuz or face strikes to destroy its key infrastructure.

Contracts on the S&P 500 (ES=F) and the Dow Jones Industrial Average (YM=F) both slid about 0.4%. Nasdaq 100 futures (NQ=F) sank roughly 0.6% after Wall Street stocks finished in positive territory on Monday.

Markets are closely tracking developments in the Middle East. Trump has given another 48-hour deadline for Iran to reopen the Strait of Hormuz, set to expire Tuesday evening. Trump issued the deadline via Truth Social in an erratic post stating “Open the F*****’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH! Praise be to Allah“. A proposal for peace, reportedly backed by Pakistan, is under consideration in negotiations between the US and Iran.

Investor sentiment appears to reflect cautious optimism that tensions may ease in the near term. Trump said, “Unfortunately, the American people would like to see us come home” as he appeared to back away from a ground campaign to seize Iran’s oil.

Oil prices turned higher as investors weighed the chances for deescalation of tensions. Brent crude futures (BZ=F), the international benchmark, gained about 1% to around $111 a barrel, while US benchmark West Texas Intermediate futures (CL=F) rose 2% to nearly $115.

On the economic front, preliminary figures for February durable goods orders are due Tuesday morning.

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Broadcom (AVGO) stock rose 3% before the bell on Tuesday following the news that it had signed an agreement with Google (GOOG) to develop and supply future generations of custom artificial intelligence chips. The tech company also signed a deal with Anthropic (ANTH.PVT) to provide the AI startup access to about 3.5 gigawatts of AI computing capacity.

US Health insurers: Humana (HUM) rose 10% during premarket hours on Tuesday, alongside UnitedHealth (UNH) and CVS (CVS) which both climbed around 5% after the government said ‌it plans a larger-than-expected increase in 2027 payment rates ‌for Medicare Advantage plans.

Universal ‌Music Group’s (UMG.AS) Amsterdam shares rose 10% on Tuesday after Pershing Square’s Bill Ackman proposed merging its acquisition vehicle with with a plan to list in the United States.
Apple’s (AAPL) first foldable iPhone was expected by industry watchers to launch in 2026. But that timeframe could get pushed back as engineering tests revealed issues with the new model, per a Nikkei report.

From Reuters:

Apple has been encountering setbacks in the engineering test ‌phase of its first foldable iPhone, ‌which could lead to delays in its mass production and product shipment schedule, Nikkei Asia reported on Monday, citing sources.

… Engineering development issues could delay the ‌first shipments of ⁠the foldable iPhones by months in a worst-case scenario, according to the ⁠Nikkei report.

“It’s true that more issues than expected have emergedduring the early test production phase, and additional time willbe needed to resolve ‌them and make necessary adjustments,” the report said, quoting one source familiar with the matter.

Read more here.
Bitcoin (BTC-USD) led crypto markets lower overnight as the US-Israeli war against Iran has spooked riskier investors amid sky-high global volatility.

Bloomberg reports:

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Bloomberg reports:

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