[New York Stock Exchange] S&P 500 and Nasdaq Close Higher for Fourth Straight Session Ahead of Negotiation Deadline

Trump Reaffirms July 7 Negotiation Deadline at Press Conference

Renews Threat to Devastate Iran if No Agreement Is Reached

International Oil Prices End Slightly Higher

Top Market Cap Stocks Finish Mixed

New York Stock Exchange. New York, USA – Special Correspondent Yoonju Hwang

On the 6th (local time), all three major U.S. stock indices closed higher, one day ahead of the negotiation deadline between the United States and Iran. In particular, both the S&P 500 and the Nasdaq indices recorded gains for the fourth consecutive trading day. The market appeared to focus less on President Trump's hardline statements against Iran and more on the fact that the United States and Iran are currently conducting negotiations based on a two-phase proposal related to ending the conflict.

On this day at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average (Dow) ended at 46,669.88, up 165.21 points (0.36%) from the previous session. The S&P 500 index, which is centered on large-cap stocks, rose 29.14 points (0.44%) to close at 6,611.83, while the technology-focused Nasdaq index finished at 21,996.337, up 117.155 points (0.54%).

The market saw a slight uptick as expectations for an end to the conflict grew following reports that the United States and Iran had received a two-phase negotiation proposal on ending the conflict from a mediating country after reaching a ceasefire agreement. According to Reuters, if mediation is successful, both sides would immediately implement a ceasefire and spend 15–20 days seeking a final agreement.

Given the difficulty in narrowing differences between Iran and the United States, this is interpreted as an intention to start with a temporary ceasefire and reopening of the Strait of Hormuz, proceeding step by step toward an end to the conflict. However, foreign media noted that it would not be easy for the two countries to reach a dramatic agreement with just one day left before the deadline.

President Trump held a press conference that afternoon and reaffirmed that the negotiation deadline is 8 p.m. on the 7th (9 a.m. on the 8th, Korea Standard Time). He also emphasized that the main condition of the negotiations is the reopening of the Strait of Hormuz. In addition, he reiterated his threat to destroy all power plants and bridges in Iran if Iran does not agree to the terms.

International oil prices rose slightly. West Texas Intermediate (WTI) crude for May delivery closed at $112.41 per barrel, up 0.78% from the previous session. Brent crude for June delivery ended at $109.77 per barrel, up 0.68%.

Michael Rosen, Chief Investment Officer at Angeles Investment, pointed out, "The market may be underestimating the scale of global economic turmoil," adding, "The immediate and medium-term impacts of energy supply disruptions are being underestimated in the market." He emphasized, "In other words, there is a high possibility that energy prices will remain higher for longer than expected."

Major sectors were generally mixed. Notable price changes included ExxonMobil +1.57%, Chevron -0.11%, Lockheed Martin +2.28%, AeroVironment +3.05%, RTX +1.14%, Northrop Grumman -1.35%, Delta +0.19%, American Airlines +0.65%, and United Airlines -1.33%.

Top market capitalization stocks also ended mixed: Nvidia -0.24%, Apple +1.13%, Microsoft -0.32%, Alphabet +1.19%, and Meta +0.43%.

As concerns about private credit lending resurfaced, Blue Owl Capital fell 1.4% to close at $8.45. This is below the lowest price recorded at the end of 2022. Investor sentiment appeared to have weakened after Jamie Dimon, CEO of JPMorgan Chase, pointed out problems with private credit lending in a letter to shareholders.

This content was produced with the assistance of AI translation services.