A television station broadcasts a news conference with US President Donald Trump on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, April 6, 2026.
Michael Nagle | Bloomberg | Getty Images
S&P 500 futures were little changed on Monday night as President Donald Trump’s Tuesday deadline for Iran to reopen the Strait of Hormuz approached.
Futures tied to the broad market index were marginally lower. Nasdaq 100 futures were down about 0.2%. Dow Jones Industrial Average futures rose 45 points, or 0.1%.
During Monday’s regular session, the S&P 500 rose 0.44%, while the Nasdaq Composite added 0.54%. The blue-chip Dow gained 165.21 points, or 0.36%.
On Monday, Trump reiterated his warning that the U.S. will destroy Iran’s power plants and bridges if the nation does not reopen the Strait of Hormuz by 8 p.m. ET on Tuesday. Trump said in a news conference on Monday that he had decided to extend the deadline to Tuesday because he “thought it was inappropriate the day after Easter.”
“They have ’til tomorrow,” the president said. “Now we’ll see what happens. I can tell you, they’re negotiating, we think in good faith, we’re going to find out. We’re getting the help of some incredible countries that want this to be ended, because it affects them also.”
Axios reported that the U.S., Iran and other mediators were discussing terms to reach a potential 45-day ceasefire that could lead to a permanent end to the war, citing sources with knowledge of the talks. Reuters also reported that that the U.S. and Iran on Monday were reviewing a plan brokered by Pakistan that could end the conflict.
Monday’s market rally seemed to serve as testimony to the optimism investors feel now that the end to the war appears to be near.
“Everybody was betting that it’s going to be short term and I think the market still is, and frankly, I still am too,” Barbara Doran, founder and CEO of BD8 Capital Partners, said on CNBC’s “Closing Bell: Overtime” on Monday afternoon. “The market will say, ‘OK, it’s going to be over soon,’ and then we can resume where we’re going, which is starting the year very bullish. And now you have also continued fiscal stimulus from the defense spending.”
On Tuesday morning, traders will watch out for preliminary numbers from February’s durable goods orders.
Asia markets rise as investors assess Iran war developments
Asia-Pacific markets rose on Tuesday, tracking gains on Wall Street as investors assess the likelihood of a U.S.-Iran ceasefire deal while President Donald Trump reiterated the Tuesday deadline for escalating strikes.
Australia’s S&P/ASX 200 widened gains to 2.3%. Japan’s Nikkei 225 rose 0.26% and the broad-based Topix added 0.23%. South Korea’s blue-chip Kospi advanced 1.5%, and the small-cap Kosdaq rose 0.85%.
Hong Kong markets remained closed on Tuesday for the Easter holiday.
— Anniek Bao
Casey’s General Stores shares add 1% ahead of stock’s addition to S&P 500
Shares of Casey’s General Stores added 1% on Monday night, ahead of the convenience store chain’s planned addition to the S&P 500.
The consumer staples stock is set to join the broad market index on Thursday, April 9. It will replace health care stock Hologic.
— Lisa Kailai Han
Health insurers pop on Monday night after CMS finalizes 2027 Medicare Advantage payment rate
Health insurer stocks popped on Monday night after the Centers for Medicare & Medicaid Services finalized its Medicare Advantage payment rate for calendar year 2027.
The payments are projected to result in an average increase of 2.48%, or over $13 billion in additional Medicare Advantage payments, to plans in 2027. That compares to the Trump administration’s January proposal for a payment rate hike of 0.09%.
Shares of Humana popped 11%. CVS Health added 6%, and UnitedHealth Group rose 8%. Shares of Elevance Health added 6%.
— Lisa Kailai Han