Stock market today: Dow, S&P 500, Nasdaq gain ahead of Trump deadline for Iran deal
Why it matters: U.S. drivers could see gasoline prices exceed $5 per gallon by mid‑April if the Strait of Hormuz stays closed.
- S&P 500 (GSPC) rose 0.4% on hopes diplomatic moves could curb Middle‑East hostilities (Reuters, Axios).
- Dow Jones Industrial Average (DJI) gained 0.3% after Trump pushed the negotiation deadline to Tuesday 8 p.m. ET and warned of strikes on bridges and power infrastructure.
- Nasdaq Composite (IXIC) added roughly 0.5% on optimism about a 45‑day cease‑fire and reduced oil‑supply risk.
- Brent crude climbed to about $109 per barrel and WTI to $112 as the Strait of Hormuz remained nearly at a standstill.
- Gasoline prices could top $5 per gallon nationally, with the current average at $4.12, if the Hormuz blockage endures (JPMorgan).
U.S. equities nudged higher as investors weighed President Trump’s extended deadline for a US‑Iran deal, with the S&P 500 up 0.4%, the Dow 0.3% and the Nasdaq 0.5%. Oil rallied to near $110 a barrel amid fears the Strait of Hormuz could stay shut, while analysts warn gasoline could breach $5 per gallon if the blockade persists.
