With only hours left before the negotiation deadline set by U.S. President Donald Trump, U.S. stocks ended mixed near flat. International oil prices also closed with little change. Throughout the day, the market and oil prices swung repeatedly, reacting sensitively to news related to the negotiations.
On the 7th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 46,584.46, down 0.18% from the prior session. The Standard & Poor's (S&P) 500 rose 0.08% to 6,616.85, and the Nasdaq composite finished at 22,017.85, up 0.10% from the day before.
Starting lower ahead of Trump's negotiation deadline, New York stocks seesawed on war-related news, showing an unstable session. Earlier, Trump had warned Iran that unless it opened the Strait of Hormuz by 8 p.m. that day (Eastern time), he would destroy Iran's power plants and bridges. About 12 hours before the deadline that morning, Trump raised the pressure, saying, "An entire civilization will disappear tonight and never return."
However, about an hour before the close, reports that Pakistan, which has served as a mediator, asked Trump to extend the negotiation period sharply pared losses in stocks. The impact of a report by U.S. outlet Axios that "there was progress in the negotiations between the United States and Iran" was also reflected. CNBC said, "Expectations grew that a Pakistan-mediated proposal could lead to a last-minute agreement between the United States and Iran, lifting the S&P 500 slightly."
International oil prices closed with little change. West Texas Intermediate (WTI) settled at $112.95 per Barrel, up 0.48% from the prior session, while Brent crude ended at $109.62 per Barrel, down 0.46%.