Daily Market Report – April 7, 2026
Today's trading was dominated by the ultimatum that Donald Trump has set for Iran. Trump threatened that Tehran must open the Strait of Hormuz by Tuesday evening American time; otherwise, Iranian power plants, bridges, and other critical infrastructure would be destroyed. At the same time, attacks on Iranian transportation and industrial facilities intensified. Iran, on the other hand, insisted on preconditions for talks about a "lasting peace": an immediate end to U.S. attacks, guarantees against new attacks, and compensation; the threats from Washington were described by the Iranian military leadership as "delusional."
Accordingly, caution prevailed in the financial markets. In New York, the Dow Jones (DJ:DJI), the S&P 500 (SP:SPX), and the Nasdaq Composite (NASDAQ:IXIC) were down about 0.9 to 1.3 percent around noon; across Europe, the Stoxx 600 (INDEX:STOXX) fell by 1.0 percent, and the Dax (XETR:DAX) also dropped by 1.0 percent. At the same time, WTI (TVC:USOIL) temporarily rose to $117.63 and was last quoted at $115.81 per barrel; Brent (TVC:UKOIL) was at $110.14. The Dollar Index (TVC:DXY) held at 99.93 points, while the yield on ten-year U.S. Treasury bonds (TVC:US10Y) increased to 4.363 percent.
Among the largest individual stocks, Apple (NASDAQ:AAPL) stood out negatively today. The stock lost about 4.2 percent. Reports indicate that Apple's foldable iPhone has technical issues, which could delay mass production and delivery. In contrast, Broadcom (NASDAQ:AVGO) performed positively with an increase of 3.7 percent after the company signed a long-term contract with Alphabet (NASDAQ:GOOGL) for the development of AI chips and other components.