[New York Stock Market] Closes Mixed as Pakistan Requests Two-Week Extension in Negotiations

Losses Narrowed on Hopes of Deadline Extension in Late Trading
International Oil Prices Ended Mixed

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

On the 7th (local time), the three major U.S. stock indices closed mixed, just four hours before the deadline for negotiations between the United States and Iran. This appears to reflect expectations that the negotiation deadline could be dramatically extended again during the final hours of trading.

On this day at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 46,584.46, down 85.42 points (0.18%) from the previous trading day. The S&P 500 index, which focuses on large-cap stocks, rose 5.02 points (0.08%) to finish at 6,616.85, while the tech-heavy Nasdaq index gained 21.512 points (0.10%) to close at 22,017.849.

U.S. President Donald Trump, ahead of the opening bell, warned Iran that “an entire civilization could disappear tonight, never to return.” He added, “I hope that does not happen, but it probably will.” In response, Iran reportedly cut off direct communication channels with the U.S. and is conducting talks through intermediary countries, according to The Wall Street Journal (WSJ) and other media outlets.

Throughout the middle of the session, it seemed unlikely that the negotiations would be concluded. However, just before the close, the Prime Minister of Pakistan, acting as an intermediary, requested President Trump to extend the negotiation deadline by two weeks and also asked Iran to keep the strait open for two weeks, which sharply reduced the market's losses.

Regarding this, White House spokesperson Karoline Leavitt stated, “President Trump is aware of the proposal, and a response will be issued soon.”

International oil prices ended the day mixed. West Texas Intermediate (WTI) crude rose by 54 cents to settle at $112.95 per barrel. Brent crude fell by 15 cents to end at $109.62 per barrel. Oil and refining stocks such as ExxonMobil (up 0.33%) and Chevron (up 1.04%) all rose.

Tom Graff of Facet commented, “Investors should expect oil prices to remain substantially above pre-war levels, but Iran’s decision to lift the blockade on the strait is a negotiation strategy.” He added, “Keeping the strait closed for months is not sustainable. At some point, some action will have to be taken.”

Tech stocks also closed mixed. Nvidia rose 0.21%, Apple fell 2.24%, Microsoft (MS) slipped 0.17%, Amazon gained 0.53%, Alphabet climbed 1.86%, and Tesla dropped 1.59%.

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