Traders work on the floor of the New York Stock Exchange on April 30, 2026.
new york stock exchange
Stocks rose on Wednesday after reports the U.S. and Iran were close to a deal to end the war.
of Dow Jones Industrial Average Added 463 points (0.9%). of S&P500 Although it rose by 0.7%, Nasdaq Composite It increased by 0.8%.
Axios, citing people familiar with the matter, reported that the United States and Iran are close to reaching an agreement to resolve the conflict. The report said the agreement would include a moratorium on nuclear enrichment. A spokesperson for Iran’s Foreign Ministry also told CNBC that Iran appreciates U.S. proposals for a solution.
But President Donald Trump suggested late Wednesday that a deal was uncertain, saying it was “probably a long shot” that Iran would agree to the U.S. proposal. Following this post, the stock price fell from its high.
“If they don’t agree, the bombing will begin, but sadly at a much higher level and intensity than before,” the president said in a post on Truth Social.
President Trump also said late Tuesday that he would suspend Project Freedom, the U.S. plan to divert ships from the Strait of Hormuz. In a post on Truth Social, he cited “the fact that significant progress has been made toward a full and final agreement with Iranian representatives” as the driving force behind the decision.
Oil prices plunged as traders reduced their exposure in hopes the war would end soon. West Texas Intermediate Futures It fell 5% to trade above $96 a barrel. international brent It fell 5% on trades above $103.
chip manufacturer advanced micro device Shares soared 17% after the company issued a rosy outlook for the second quarter, spurring profits. AMD also beat expectations for first-quarter revenue and bottom line profit. The report lifted the broader chipmaker sector. of VanEck Semiconductor ETF (SMH) It increased by 3%. intel It has increased by more than 3%.
Stocks posted strong gains on Tuesday, boosted by strong financial results and the continued ceasefire between Iran and the United States.
Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, said on CNBC’s “Closing Bell: Overtime” Tuesday afternoon that stocks appear to be “climbing a wall of fear.”
“I think people in the geopolitics world probably don’t understand what’s going on with AI trade and revenue and how much of a buffer that is for S&P 500 EPS, so we continue to see positive upward revision rates when it comes to AI-related trade,” Calbasina said. “I’m not saying there’s a lot of room for a bit of a breather, and I don’t think the market is going to go up in a straight line. But I don’t think it’s overheating right now.”
