Major U.S. Indices Close Mostly Unchanged
The major averages bounced back in the late afternoon, finishing mostly unchanged amid uncertainty over an imminent end to the U.S.-Iran war. President Trump has established an 8:00 pm ET deadline for the two sides to reach an agreement to reopen the Strait of Hormuz, otherwise the U.S. will attack Iran's power plants and bridges. Trump's recent comments include the president saying on Truth Social, "A whole civilization will die tonight, never to be brought back again. I don't want that to happen, but it probably will." Axios later reported that U.S.-Iran talks are showing some signs of progress, while adding that a ceasefire deal by the Tuesday deadline remains unlikely.The major indexes pared much of their losses late in the session after Pakistan's prime minister requested that President Trump extend the deadline by two weeks, and requested Iran open the Strait of Hormuz as a gesture of goodwill.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:The Centers for Medicare and Medicaid released its, with policies project to result in a net average increase of 2.48%.Broadcomand Alphabetentered into aPershing Squareall outstanding shares of Universal Music GroupNikkei Asia said that Apple'sfoldable iPhone has, but Bloomberg countered that the device remains on track for a September debutAnthropic announced, an initiative to "secure the world's most critical software, in partnership with Amazon Web Services, Anthropic, Apple, Broadcom, Cisco, CrowdStrike, Google, JPMorganChase, the Linux Foundation, Microsoft, Nvidia, and Palo Alto Networks2. WALL STREET CALLS:Armto Equal Weight at Morgan StanleyRosenblattArista Networkson increased confidence in XPO strategyBarringtonFuboTVto Outperform on updated financial outlookCitiWingstopto Buy into potential sales reboundRocket Labto Outperform at Citizens3. AROUND THE WEB:Pimco is mulling a $14B debt financing deal to construct a massive Oracledata center in Michigan, Bloomberg reportsKimberly-Clarktold Bloomberg it is aware of a firer at its California distribution centerAmazonhas rebuffed requests from its wholesale suppliers for increased payments to cover higher costs, prompting some to pull items from the company's site, Information reportsThe families behind Puigand Estee Lauderare set to meet in New York this week to negotiate the terms of a potential combination of their beauty businesses with the goal of announcing an agreement in the coming weeks, Expansion saysDelta Air Lineshas hiked its fee for checked bags by $10 for tickets bought starting Wednesday, following similar moves by Unitedand JetBlueamid a surge in jet fuel expenses this year, CNBC says4. MOVERS:Patterson-UTIgains after reportingoperating in the U.S. in MarchPerrigoincreases in New York after a rumor was highlighted inMach Naturaldeclines after announcing aRedwirelower afterwith a new office in the United KingdomSuzanofalls in New York after BofAthe stock to Neutral5. EARNINGS/GUIDANCE:PrecigenprovidedSamsungreportedNeuroneticsbacked itsand FY26RPM Internationalis expected toon April 8Levi Straussis expected toon April 7INDEXES:The Dow fell 85.42, or 0.18%, to 46,584.46, the Nasdaq gained 21.51, or 0.098%, to 22,017.85, and the S&P 500 advanced 5.02, or 0.076%, to 6,616.85.
