[New York Stock Exchange] "Will They Accept the Mediation Proposal?"... Markets Open Mixed as Investors Await Trump Press Conference
WTI Gains Over 1%
Brent Crude Edges Lower
On April 6 (local time), the three major U.S. stock indexes opened mixed as investors remained cautious following news that the United States and Iran had received a mediation proposal consisting of a two-stage negotiation process: an initial ceasefire agreement followed by discussions on ending the war.
According to the home trading system (HTS), as of 9:45 a.m. at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average stood at 46,475.79, down 28.88 points (0.09%) from the previous trading day. The S&P 500 index, which focuses on large-cap stocks, rose 12.29 points (0.18%) to 6,594.98, while the tech-heavy Nasdaq index gained 98.30 points (0.44%) to 21,977.48.
According to foreign media, the United States and Iran, through a mediating country, received a proposal involving a two-stage negotiation process: an immediate ceasefire agreement followed by discussions on ending the war. The proposal outlines a two-step approach, beginning with an immediate ceasefire and leading to a comprehensive final agreement to end the conflict.
However, the United States and Iran have not yet agreed to the proposal. It has been reported that, following an initial 45-day ceasefire in the first stage, negotiations are underway regarding the second stage, which would lead to the end of the war.
Meanwhile, U.S. President Donald Trump is scheduled to hold a press conference at 1 p.m. today to make a statement regarding the Iran conflict. As President Trump has often made major announcements before the market opens or after it closes, market participants are paying close attention to the content of his remarks.
John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, said, "As the conflict with Iran enters its sixth week, ongoing concerns about how long it will take to reach an effective resolution are likely to remain a negative factor that market participants will have to navigate for the time being."
International oil prices are also showing mixed movements. As of this moment, May delivery West Texas Intermediate (WTI) crude oil on the New York Mercantile Exchange is trading at $112.51 per barrel, up 1.19% from the previous session. In contrast, June delivery Brent crude oil on the ICE Futures Exchange is down 0.06% from the previous session at $109.07 per barrel.
Refining stocks are weaker on the prospect of a ceasefire. ExxonMobil is down 0.05%, and Chevron is down 0.63%. Defense stocks are mixed. Notable changes include Lockheed Martin +0.25%, AeroVironment +1.95%, RTX +0.04%, and Northrop Grumman -1.58%.
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Stocks with large market capitalizations are also showing mixed trends. Nvidia is down 0.52%, Apple is up 0.52%, Microsoft is down 0.71%, Amazon is up 0.44%, Alphabet is up 0.19%, and Tesla is up 0.96%.
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